- U.S Markets closed lower yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is down 200+ points.
- This Russia - Ukraine seems to be prolong.
- Until this goes on , Market won't settle.
- Uncertainty would creep Market towards downside.
- Reports have been suggesting that we are going to have 2nd peace talk today.
- This will be going on starting from today.
- Slowly slowly all the countries are joining Ukraine and Russia seems to be left alone.
- This is a repeat situation of a break up actually.
- During break up , Girls have 10 other more girls with her to calm her down to make her realise life has to go on , you deserve better etc.
- In the Case of boys , friends just say Girl has been saved🤪.
- Now exactly the Boy (Russia) is standing alone without any support and this could impact Putin's mind and he could go for some frenzy options.
- Second option is he obeys to other countries has peace talks and ends the matter.
- If there is nuclear war then Market will collapse at least 10% from here on.
- I still feel day before yesterday's low of 16400-16350 is a good support for today as well.
- Amidst this huge Volatility one could prefer a buy trade near these levels with 50-80 points stoploss.
- I expect Volatility to increase even more today.
- Option premiums are crazily priced.
- Even far away puts are having lofty premiums.
- Nifty might Trade between 16200 to 17000 in next 2 days.
- No use of predicting day range in this Volatility.
- 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