- U.S Markets closed flat yesterday.
- Asian Markets are mostly flat.
- SGX Nifty is howering around 15900.
- Right now Dow futures are also flat.
- There were some positive news over the weekend.
- The GST Collection for July came at 1.16 lakh crore.
- This is the top 3 highest GST Collections till date.
- Auto Companies reported good sales numbers.
- Due to these positive news we are indicating towards a 100 points gap up.
- 15900 was a resistance yesterday.
- Nifty tried to break 15900 throughout the day.
- But failed to break it decisively.
- Today it would be another attempt to cross 15900.
- Let's see what happens during the day.
- I've sold 16000 CE yesterday. (weekly expiry)
- Yesterday for the first time , Nifty futures closed above 15900.
- FII's keep selling rigorously.
- DII's and retail people are supporting this Market.
- Yesterday we witnessed some selling after 2.30 but was recovered during the day.
- Nifty might Trade between 15780 to 15940 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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