- U.S Markets closed Flat Yesterday.
- Dow Futures are flat.
- Asian Markets are flat.
- SGX Nifty is also flat at 16370.
- Yesterday we had a good strong expiry.
- In the Blog Yesterday, I had mentioned I was expecting a Rangebound expiry with a positive bias.
- Yesterday's expiry happened exactly the same.
- Smart option writers made huge money yesterday.
- Slowly but steadily market is inching higher.
- It's surprising to see markets going up in straight line.
- Usually we see big scary corrections in Bull Market.
- This Bull Market hasnt witnessed a correction above 5% at any point of time.
- This is what worries me , Market going up or down in a straight line is not good.
- When Market falls in future it will be equally severe.
- That's In future , but in present this Market is looking strong.
- Momentum is with Largecaps and money is shifting from Small Cap / Midcap to Large Caps.
- Option Buyers are not getting much from this Market.
- Movement is there but it's quite slow.
- India VIX is now below 12.
- Option Buyers will have their time but once in 2 weeks (Like they made money when Nifty brokeout of 16k)
- Option sellers should be vary of that move and be smartly making money in Consolidation phase.
- Nifty might Trade between 16260 to 16440 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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