- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly lower.
- SGX Nifty is almost flat.
- U.S Market is making wild swings on almost daily basis.
- Because of the same we are also having huge Volatility.
- Option buyers can enjoy from Friday to Tuesday.
- Option sellers come into the picture on Wednesday.
- This is how one needs to function in the current Market.
- Yesterday there were reports that second peace talks between Russia & Ukraine were to be held yesterday.
- We currently do not know how much they have been successful.
- Another major development was Fed rate hike in March.
- Because of this ongoing War , commodity prices are expected to rise and shoot up even further.
- This will push Inflation a lot higher than what has been expected.
- Yesterday the Fed chairman gave indications that they are on track to increase the rates in March.
- We have our own worries regarding a giant IPO which is underway.
- Government won't back off with the IPO and they will ensure the same date for IPO no matter what happens.
- So LIC IPO is expected to begin at the time scheduled.
- This will bring in a lot of liquidity issues and constraints in our market.
- 16500 PE & 16800 has highest open interest today.
- Though in such volatime times this can change rapidly but this is what we have as of now.
- FII's have sold for more than 4000 crores yesterday whereas DII's have bought for about 3000 crores.
- 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