- 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.
- Budget Volatility could offer dips and that would be good opportunity to accumulate.
- Volatility will be huge so Daredevils only can trade such markets
- If you cannot handle volatility/ MTM loss on screen it's better to stay out.
- Nifty might Trade between 17200 to 17800 today.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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