- U.S Markets closed higher yesterday.
- Asian markets were higher yesterday.
- Right now Dow futures & Asian markets are mixed.
- SGX Nifty is up 300 points.
- Yesterday we had a fantastic rally all over the World.
- All the World Markets have rallied heavily.
- All the markets on an average are up 3-5%.
- We also had participated in the same yesterday.
- War fears are declining and a compromise arrangement is being made
- This is cooling off all the commodity stocks
- Plus pumping in fresh liquidity.
- Today we have expiry plus we have election results.
- Both these events will bring in huge Volatility into the Markets
- 16800 is a very important resistance.
- Until this gets taken off I will look to sell rallies.
- Everything is not good yet and Inflation and rate hike is still round the corner.
- These could be relief rallies and Market could be normal after the same.
- Today's action totally depends on the election verdict.
- VIX crashed 4% yesterday.
- If results come pro Market then expecting it to crash further 4-5% today.
- Nifty might Trade between 16400 to 16800 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
Comments