- U.S Markets closed Mildly lower Yesterday.
- Nasdaq closed much lower Yesterday.
- Asian Markets are also trading lower.
- That is the reason of SGX Nifty trading lower by 30 Points now.
- Yesterday we had weekly expiry and it was a very stable one after so many weeks.
- Maybe this SEBI margin rule has reduced the Volatility due to which there are not big swings life before.
- India VIX fell another 10% yesterday.
- Now India VIX is close to 15 and below 16.
- India VIX below 15 indicates less Volatility and the Bull Market to continue.
- Reliance has crossed it's all time high of 2200.
- Reliance won't let Nifty fall significantly.
- This alone will propell Nifty higher and control the Markets.
- Today RBI Policy at 10 AM.
- The general Expectation is Status Quo and it's likely to be a non event.
- However due to RBI event Bank Nifty might be Volatile for a short span.
- Currently , I'm Bullish on Bank Nifty more than the Nifty.
- Nifty has already crossed all time high.
- Whereas the Bank Nifty is still 2000 Points away from all time highs.
- Bank Nifty seems to be a good value play now.
- 35500 is a good support on Bank Nifty.
- 35000 is the longer term support.
- So every dip is a buying opportunity now and Markets look extremely bullish.
- Nifty might Trade between 15580-15780 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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