- U.S Markets ended mixed Yesterday.
- Asian Markets and Dow futures are mixed now.
- SGX Nifty is up 40,50 Points.
- This gap up is without any reason and is likely to be sold into in first half.
- Yesterday I mentioned a trading range of 17250 to 17500 for Nifty and that worked well.
- First trade of buying near 17250 with a stop of 17200 also succeeded.
- Many are trading with money from my blog views but always remember I'm right 60-70% of the times.
- When I'm right I make money , when I'm wrong I try to minimize losses to the best possible extent.
- Net always I try to be profitable due to this.
- So if one is trading from my blog it's on your own risk so please follow strict stoplosses mentioned in Blog.
- Indian Govt has banned all the private crypto currencies.
- Let me put some data here.
- India has 10 crores investors of Crypto currencies whereas 7 crore investors in stock Market.
- Stock Market which is such a highly regulated old Market has less investors than the most unregulated and risky Market.
- Usually the Wednesdays trades are highly volatile and Market makes all kinds of moves.
- It's more likely today as well.
- 17600 is likely to act as resistance whereas support could come near 17400 today.
- So this could be your range for the day to work with
- Nifty might Trade between 17350 to 17600 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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