- U.S Markets closed flat on Friday.
- When our Markets were trading on Friday, U.S futures were 150 Points lower and have recovered during the day.
- Asian Markets are also Higher.
- SGX Nifty is Trading near 18000.
- Looks like we may gap up above 18k today.
- Markets have been in a big Bull run since 7500 Nifty.
- There hasn't been a 10% correction on Nifty since 7500.
- Evergrande issue created some panic temporarily in the Markets.
- Markets have moved on as this has been settled.
- 18000 CE has the highest open interest in Options followed by 17800 PE.
- If we settle above 18k for some time then there is every possibility of a huge short covering rally.
- These traders when trying to cover there call options can propell the Markets even higher.
- Real Estate sector has been outperforming from quite some time.
- According to my Analysis, Capex cycle is back in real estate sector.
- I expect the Real Estate prices to go up in coming year.
- Real Estate and Stock Market are two best avenues of Investment currently.
- Over the Weekend there was a news of Cinemas opening up from 22nd October in Maharashtra.
- This would be taken Positively by PVR , Inox leisure etc as Maharashtra in one of the highest popolated startes for India.
- I've been repeatedly saying to buy on dips and not to short this Market.
- Just look at good entry Points to enter on dips than thinking where to sell.
- Nifty might Trade between 17880 to 18120 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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