- U.S Markets closed higher Yesterday.
- U S markets are closed today due to Holiday week of Christmas.
- Right now Asian markets are mixed.
- SGX Nifty is at 17150.
- Yesterday after many trading sessions for the first time we had a stable Expiry.
- Nifty traded flat and within a range.
- The most important factor is India VIX.
- India VIX has crashed 12% in last 2 trading sessions.
- Now India VIX is close to 15.
- India VIX close to 15 indicates a stable Market.
- With not much big moves in store.
- Anyway due to a holiday week we would not be having much volumes today.
- Yesterday we had the lowest volumes of last 1 year.
- Hence Market was flat.
- Premiums are already too low now as we are in the final week of monthly Expiry.
- Time decay would also be fast considering 5 trading sessions left
- IT stocks are looking quite strong.
- Infy and Tech M have hit fresh all time high yesterday.
- The magnitude of FII selling has also come down in last 2 trading sessions.
- They have sold for less than 1000 crores in last 2 days each.
- Nifty might Trade between 17000 to 17200 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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