- U.S Markets were significantly higher yesterday at one point of time.
- But it closed lower.
- There's a saying , Amateurs open the Market and professionals close it.
- Yesterday this significance got realised.
- Right now Dow futures are slightly higher.
- SGX Nifty is down 70 points near 15920.
- Yesterday we had quite a volatile day but we closed at the highest point of the day.
- There was a fantastic short covering rally at the end.
- There's news floating around that Ukraine no longer insisting on NATO membership.
- Which is a good sign .
- This War is goes on more further will prove highly costly to all the interested parties.
- Commodity prices are shooting up like no tomorrow.
- This will shoot up inflation and govertments will ne forced to wage the War.
- Still if Ego comes between then it's difficult to say
- DII's for the first time have been very tough fight to FII's and they have been buying in huge quantities as well.
- LIC IPO is round the corner.
- So there might be Govt instruction to support the Market.
- Until when can they keep on buying that's a big question.
- Yesterday India VIX fell 2.5% and that's a good sign.
- Market moved very stable yesterday as well
- Nifty might Trade between 14750 to 16100 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
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