- U.S Markets closed higher on Friday.
- Right now Dow futures are crashing.
- SGX Nifty on Friday was up 300 points.
- Right now it's down 400 points.
- Worrying sign is India VIX above 30.
- This war news doesn't seem to end soon and this is causing lot of jitterness globally.
- Reports have been out suggesting Ukraine isn't ready to talk and keep down their arms.
- This has triggered another negative sentiment globally.
- Until and unless this war settles , markets would be reacting on every headline news.
- This would increase the Volatility manifold and would further create problems to trade.
- The best suggestion as of now is to stay away from Market for a while.
- Let this Volatility settle , let the Market settle and then you can always trade.
- As nobody knows what news could pop out and make markets even more reactive.
- Tomorrow we have a trading Holiday and it's advisable not to carry positions over the day.
- If you are trading it's better to settle Positions Intraday only.
- There's every possibility of Market cracking even more so long term investors should not hurry.
- It's advisable to wait for a further dip and then keep shopping bags ready.
- Good Quality stocks can be very well accumulated on declines.
- Nifty might Trade between 16200 to 17000 for this march 3rd expiry.
- Right now predicting Intraday range is next to impossible.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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