- U.S Markets closed higher Yesterday.
- Asian Markets are also Trading higher.
- SGX Nifty is indicating a positive opening around 15800.
- The talk of the town is U.S Inflation data.
- The General Expectation was 4.7% but it was come way higher at 5%.
- In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me.
- Higher Inflation leads to higher interest rates and that is a negative news for Market.
- Higher Inflation also reduces the purchasing power.
- Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands.
- Market should start moving normally higher.
- That's what exactly happened yesterday's expiry.
- Market closed at the highest point of the day yesterday and trapped shorts.
- Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty.
- Once we start sustaining above these levels then further short covering will take place.
- On Wednesday at one point of time my MTM loss was near 4 lakhs.
- People will show you how they were right on a trade and how the made Money.
- Hardly anyone would say you how to tackle such Volatility with Adjustments.
- That's what succeeds a trader in the longer term.
- I didn't panic did some adjustments and yesterday it's reduced to 50k.
- One needs to understand the risks and rewards and shouldn't panic by looking at MTM status.
- I know many people on Wednesday Stoploss got triggered in both the directions.
- Bank Nifty might Trade between 35000 to 35500 today.
- Nifty might Trade between 15720 to 15880 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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