- U.S Markets closed higher Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15840.
- Yesterday Night SGX Nifty touched 15900 briefly.
- Expecting a ranging expiry today as well.
- 15900 CE has the highest open interest among call options so this will act as huge resistance.
- 15800 PE has highest open interest.
- So expecting markets to trade within this range.
- Bank Nifty yesterday took support at 35500 and bounced back sharply from those levels.
- Any dip towards 35500 should be bought into for Bank Nifty.
- I would like to buy into today's dip at open.
- Clean Science IPO is a recommendation from our side.
- Company has reasonable valuations with strong growth prospect.
- You can apply into this IPO both for listing gains as well as Long term.
- Auto Sector to perform Negative due to Semi Conductor shortage.
- This is Temporary.
- So long term investors can invest into dips in Auto Sector
- Nifty might Trade between 15760 to 15900 today.
- Bank Nifty might Trade between 35400 to 35900 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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