- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now
- Asian Markets are mixed.
- SGX Nifty is Trading near 15780.
- Corporate results have started to kick in for Indian Corporates.
- Titan has come up with fantastic results yesterday.
- In spite of 2nd wave issues results were exemplary.
- Yesterday the star of the show was HDFC bank.
- Everybody is aware of HDFC Bank holding the highest weightage in Bank Nifty.
- HDFC Bank at one point of time alone contributed 350 point gain Yesterday.
- As I've been mentioning to sell Nifty near 15900 and buy near 15700.
- The same continued yesterday.
- Nifty failed to cross it's important resistance of 15900.
- 2nd half witnessed a heavy sell off by the FII's.
- Tata Motors was down 10% yesterday.
- Stock hit lower circuit yesterday as company expressed concerns over Chip shortage.
- Wednesdays are the day before expiry and generally it's expected to be Volatile.
- On a close to close basis we might close mostly flat.
- Intraday Volatility will Continue.
- Nifty might Trade between 15700 to 15900 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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