- U.S Markets closed slightly lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is trading around 16250.
- We are poised for a flat opening today.
- Yesterday Bank Nifty saved the day for Bull's.
- Nifty after a long time underperformed Yesterday.
- I expect the Underperformance to continue for this Expiry.
- 16000 PE has the highest open interest for this week's Expiry.
- So on any dip selling 16k PE is advisable for Bulls.
- Yesterday we consolidated throughout the day on Nifty.
- Bank Nifty was very Volatile as Expected.
- This is not a Market where you can blindly go and buy any stock and make money.
- Market is highly Overvalued now so one has to be stock specific in this Market.
- IT stocks still have some steam left.
- This is a place for safe investors.
- Metal stocks have already rallied and doubled in last 6 Months.
- This sector doesn't seem attractive to me.
- Consumer , FMCG & IT are preferred sectors as of now.
- Nifty might Trade between 16160 to 16320 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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