- U.S Markets closed lower Yesterday.
- Right now Dow Futures are also flat.
- Asian Markets are very Volatile.
- Particularly Hang Seng and Chinese.
- As of now it looks like the fall has been stabilized over there.
- SGX Nifty is Trading near 15800.
- Earnings season in U.S has been particularly good.
- Many companies have declared fantastic results.
- This is not the case in India.
- Indian Companies have majorly declared poor results and below expectations.
- Majority of the Stocks have fallen after declaring results.
- Yesterday Doctor Reddy fell by 10% Intraday due to poor results.
- Doctor Reddy 4950 PE went from 0.25₹ to 196 yesterday which is 1,20,000% higher.
- That's why I always advice to avoid Stocks and stick to Indices , Nifty and Bank Nifty.
- I know some People who sold Put options of Dr reddy and they have gone bankrupt.
- Those leverage traders who were long also faced big losses.
- Stocks tend to be Highly Volatile and one needs to be highly careful.
- 15800 CE on Nifty has the highest open interest.
- This looks like Market might face resistance at these levels.
- Expecting range to shift from 15600 to 15850 for coming 2 days.
- Nifty might Trade between 15680 to 15840 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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