- U.S Markets were closed Yesterday.
- Due to Martin Luther King Day.
- Yesterday for whole of the day U.S Futures were flat.
- Right now they are flat and Asian markets are slightly higher.
- SGX nifty is up by 10-20 Points.
- Yesterday we briefly broke out of 18300.
- Momentum was slow as global Markets were muted.
- Momentum is likely to pick up in coming time once we sustain above 18300.
- HDFC Bank closed a percent lower Yesterday.
- Everybody expected HDFC Bank to go higher Yesterday.
- Movement of a Stock after its results is very difficult to predict.
- Specially the day after results.
- Expecting both the HDFC Twins to stabilize from today.
- 18300 short straddle added large open interest yesterday.
- Option sellers are playing for a range of 18000 to 18600.
- We have 7 trading sessions left for expiry including today.
- So theta decay will be fast going ahead.
- DII's and FII's were net sellers yesterday yet we closed at the highest point of the day.
- This continues to be a buy on dip market.
- Nifty might Trade between 18200 to 18400 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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