- U.S Markets closed higher Yesterday.
- Dow futures are flat now.
- Asian Markets are mixed.
- Yesterday U.S Inflation data came as it was lower than Expected.
- Inflation data being lower postpones the chances of increase in Interest rates.
- That's why the Global Markets were higher.
- SGX Nifty hit an all time high of 16370 Yesterday.
- Now it's cooled off and Trading near 16330.
- Yesterday the Markets were Volatile during Intraday.
- We had a gap up and then we witnessed selling but ultimately closing flat.
- Yesterday was also a Consolidation on a close to close basis for Nifty.
- Weekly Expirys are generally Rangebound unless there are any fresh news.
- Expecting the same today.
- Expecting weekly expiry to be ranging with slight positive bias.
- From last few days , Midcaps and small caps have been witnessing good amount of profit booking.
- There is a Distribution happening and money seems to be shifting to largecap stocks.
- I am Bullish on Airtel for long term.
- Reason is simple , Idea Vodafone going out of business will have just two players left and make it an Oligopoly market.
- These players will then control the Market Dynamics.
- Nifty might Trade between 16220 to 16360 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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