- U.S Markets closed yet at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15800.
- It seems like U.S Markets have finally broke out of the consolidation.
- The Momentum on the upside has begun.
- Our Markets have still been Consolidating.
- Yesterday we witnessed a fresh rally in our Markets.
- This was largely due to Domestic Institution buying and FII short covering.
- Still I feel we will consolidate and chop around.
- I do not see Indian Markets crossing 15900-16k for this Expiry.
- One should trade the range now.
- Range is 15700-15900 on Nifty.
- When we get to lower end that's the time to buy.
- Near upper end is the time to sell.
- Be satisfied with small gains if you are an option buyer.
- Even 30-40% on the option is a great performance In this Market.
- Waiting for the option to become 2X -3X invites trouble.
- Bank Nifty looks weak and resistance might kick in at 35400-35500.
- Nifty might Trade between 15700 to 15900 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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