- U.S Markets closed higher Yesterday.
- Nasdaq hit a fresh all time high Yesterday.
- Asian Markets are all in Green.
- Right now U.S Futures are slightly higher.
- SGX Nifty is trading near 16580 now.
- IT Stocks are the flavour of the town now.
- Yesterday, IT index was up more than 2%.
- Technology stocks all over the World have been on a rally.
- Money is shifting from Small / Mid Caps to large caps.
- Lathi Charge has begun on Broader Market stocks like Mid / Small Caps.
- As I've been Cautioning , it's time to review your portfolio and exit out of junk.
- Waiting for your cost price to come back might never happen or it may take many more years.
- My fear is due to interest being shifted to Largecaps , these stocks are getting more and more expensive day by day.
- Just a handful of Stocks cannot keep Market higher in the long term.
- These handful of Stocks are becoming too much expensive and when these start to correct that's when Markets as a whole would start a correction.
- As I mentioned in Pre - Market Report Yesterday about the fall of India VIX.
- India VIX fell by 4% Yesterday and I expect it to fall further today.
- Premiums are too low now for option sellers and there's no Volatility for option Buyers.
- Higher VIX gives equal opportunities to both the parties.
- 16300 PE and 16700 CE has the highest open interest for August Expiry.
- I am Expecting a Consolidation from here and not a big move on the upside.
- Nifty might Trade between 16480 to 16640 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
Comments