- U.S Markets closed positive on Friday.
- Job numbers reported were below expectations.
- Markets expect that if Job numbers are lower Fed wouldn't increase interest rates in near future.
- In Bull Markets news are interpreted seperately even if it's Negative.
- Right now U.S Futures are Asian Markers are down slightly.
- SGX Nifty is trading near 15750.
- Bank Nifty unperformed on Friday.
- There was not much out of RBI Policy but banks witnessed huge profit booking.
- In U.S they say if one Index hits fresh highs and Other Index do not follow then we are not in a Bull Rally.
- Rally will fizzle out in coming time.
- So if this is a Bull Market and if this is to continue Bank Nifty should touch it's all time highs sooner than later.
- Nifty is at its all time highs.
- Mid cap index has already crossed all time highs.
- Small Cap index has also done.
- Bank Nifty is the only laggard currently.
- PSU Banks are likely to Outperform than Private Banks.
- SBI default numbers were lowest in this Quarter in the last 4 years.
- I expect SBI to lead Bank Nifty rally.
- We are in a Bull Market and this is likely to continue.
- Buy on dips to apply.
- Nifty might Trade between 15660-15820 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
Comments