- U.S Markets closed lower Yesterday.
- Right now , U.S Futures are higher.
- Asian Markets are higher.
- SGX Nifty is Trading near 16670 now.
- August Series was a Fantastic one for the Bulls.
- Nifty broke out of 16k in the first week and then it was no looking back.
- Nifty has rallied 700 Points in August series.
- Bank Nifty is the problem.
- Bank Nifty is at the same level as it was on August beginning.
- Banks are struggling to perform.
- SBI always comes up with great results but the Stock never moves.
- Infact the Stock is lower than the results price.
- IT Stocks have been on fantastic Bull run and there's no signs of stoppage.
- Infosys even after facing related to its Income Tax Portal continues to rally.
- 16700 is a resistance for Nifty it's just a matter of time before we cross this level.
- Expecting the rally to Continue but not at such faster pace.
- It's not wise to think about a crash now and take short positions.
- Trends take a long time to bend.
- Until then it's wise to follow the trend and focus on making money than acting as a genius and shorting the Market.
- Nifty might Trade between 16580 to 16720 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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