- U.S Markets closed higher Yesterday.
- During Market hours Dow futures were lower.
- Yesterday Nasdaq outperformed all the major indexes after so long
- Asian markets are mixed.
- SGX Nifty is indicating a big gap up of 250 points.
- Yesterday exactly near 200 DMA we witnessed a severe selling.
- Nifty crashed 300 points from day high and Bank Nifty crashed 1000 points.
- This is a reversing Market and the reversals can be quite strong.
- India VIX shot up to 27 yesterday.
- Yesterday U.S VIX crashed 6% and closed below 30 which is a good sign.
- Russia - Ukraine talks don't seem to have any good outcome
- No solution is being found yet on that front.
- War doesn't seem to be ending anytime soon.
- Today as well we could find some sort of selling pressure near 17k.
- One can sell this gap up with a stoploss of 17000 on Nifty.
- We have fed event today and I feel it's already factored in
- So it's likely to be a Non - Event.
- Crude Oil slips below 95$ / barrel.
- This is a very positive development for india.
- China has detected fresh round of Covid cases.
- Because of this they have been imposing further lockdowns
- This has led to a fall in crude oil prices which is indirectly benefitting India.
- Nifty might Trade between 16600 to 17000 today.
- 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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