- U.S Markets closed higher on Friday.
- Asian Markets are all in Green.
- Right now U.S Futures are also higher.
- SGX Nifty is trading near 16580 now.
- Markets all over the World fell Uniformly on Thursday due to Taper Tantrum.
- Indian Markets fell due to Taliban border cealing.
- Now the Markets have taken into its stride and ready to move on.
- Bull Market Corrections are fast & Furious.
- Rallies too are equally fast & furious.
- That's why trading in Bull Markets can be tricky.
- Markets May turnaround suddenly just due to some small negatives.
- Last week's expiry generally are highly Volatile.
- This is due to low Premiums and high Vega.
- Volatility is high in last week's expiry so Gama effect maximises option prices in short span.
- India VIX was higher 8% on Friday but I expect it to go lower today.
- India VIX going down is a good news for option sellers.
- Expect this week's Nifty range between 16300 to 16700.
- Bank Nifty looks very weak and rallies are am Opportunity to sell into.
- Indian Govt has summoned Infosys CEO Mr. Salil Parekh due to Glitches in Income Tax portal. Income Tax site isn't working from 2.5 Months and all CA's are finding it extremely difficult to work.
- Infosys stock might be under pressure today.
- Nifty might Trade between 16460 to 16660 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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