- U.S Markets were closed Yesterday.
- Right now U.S Futures are slightly higher.
- Asian Markets are mixed.
- SGX Nifty is trading near 15600.
- Markets are going through a honeymoon period.
- Yesterday there a small dip in first 30 mins which had been bought into quite aggressively.
- We closed at the highest point of the day Yesterday.
- Now it seems that Everybody is Bullish.
- That's why I'm a bit worried and feel it's the time to be cautioned.
- A 200-300 Point correction can be a good opportunity to go long rather than chasing the rally.
- Yesterday as well India VIX closed below 17.
- Option premiums are too low now.
- Im not interested to sell any weekly options now in such low premiums.
- FII's are long over 90% at current levels.
- This shows that if any Negative news comes they might book profits and markets might fall.
- Reliance was the star of the show yesterday and was up 4%.
- Wait for dips to enter into & don't chase this Market.
- Bank Nifty offers good risk reward to enter near 35k.
- Nifty might Trade between 15460-15680 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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