- U.S Markets closed 900 points lower on Friday.
- Right now Dow Futures and Asian markets are higher.
- SGX Nifty is up 80-90 points.
- Last Friday was the worst day of the year for all the asset class.
- All markets fell and it was a bloodbath.
- Equity Markets fell drastically , the pace of the fall was surprising.
- India VIX was up 25%.
- There was a panic in all markets and all over the World.
- Over the weekend there were many positive and negative news over omicron.
- I have a noticed one change in trading than I used to do before.
- After the popularity of Algo trades , the Volatility is rising exceedingly.
- Machines are much faster than humans.
- Just placing numbers in machines and then the pace towards down side rises at a rapid pace.
- So Stoploss is a must now.
- Never stand in front of machines trading.
- Frankly speaking , currently I don't have a view on Market.
- Market is solely news driven.
- The news coming related to Omicron and Vaccines will drive markets for a short term now.
- However I feel Market reaction on Friday was too much and the issue of Omicron is not such big.
- My only worry for December is FII selling.
- FII's are selling non stop as if there is a crisis going on.
- The pace and the numbers at which they are selling is blowing out of proportion.
- Friday was the start of December series and they have sold heavily in Cash Market , futures and Indices.
- This is a worrying data as far as Bulls are concerned.
- My shorter range is 17000 to 17250.
- One should not be bullish unless we close above 17450 on Nifty.
- Until then Nifty is a sell on rise.
- So advice for the day is do not get overconfident that a bottom has been made blah blah and don't panic that Nifty would crash from here.
- Trade levels , respect stoploss and if confused stay out.
- Nifty might Trade between 17000 to 17250 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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