- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is near 17260.
- Suggesting a flat start for the day.
- This Russia - Ukraine issue seems to be blown out of proportion.
- Markets are reacting to every headline news and that's not at all a good sign.
- Slowly we would be forgetting these temporary issues and Market would focus on larger issues.
- 17000 PE & 17500 CE has highest open interest.
- Next 4 days expect the Volatility to be high.
- LIC IPO date has been set to 11th March and even without listing details the Grey Market Premium is lower.
- The timing of this IPO is totally wrong in my opinion.
- The Market I sense is narrowing on the upside and soon downside range could expand.
- We went to 18600 in October , never again we tested it.
- Next high was 18300 , then 17800 etc so the upper levels are reducing.
- Whereas on the lower side we have tested 16800 multiple times.
- So this continues to be sell on rally Market but be careful of large pull backs.
- I feel 16800 should be a very good support for this expiry.
- If you are an investor , it would be a very difficult year to make money.
- Specially in Mid and small caps.
- So do not expect extraordinary returns and park funds into bluechip stocks rather than junk.
- This would reward you in future.
- Nifty might Trade between 17100 to 17400 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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