- U.S Markets were about 200 Points higher Yesterday in our Markets trading hours.
- By Evening this strength fizzled out and U.S Markets closed almost flat.
- Right now , Dow Futures are higher.
- SGX Nifty is Trading at 17670.
- Most Important thing , U.S VIX was down 3% Yesterday.
- Yesterday we opened more than 100 Points lower and recovered during the day.
- Last hour witnessed profit booking in our Markets.
- Yesterday I had given a Expiry range of 17600 to 17900 this played out very well for Yesterday.
- Today as well this range holds out till 2 pm.
- After 2 pm sometimes the expiry issues kicks in and markets move drastically.
- If the Global Markets are silent then the above range should play out for the day.
- September was a fairly Volatile month.
- Nifty shot up 1100 Points in 3 weeks then fell 500 Points and recovered.
- Only for falling another 400 Points in the last week.
- Yesterday top 6 stocks were from PSU Bank's.
- I don't remember when was the last time this happened.
- All private banks witnessed profit booking yesterday.
- I'm Bullish for October Month as I expect good results due to opening up of Economy.
- Today might be an inside day with not much Volatility.
- Nifty might Trade between 17600 to 17900 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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