- U.S Markets closed lower yesterday.
- Nasdaq has fallen more than 1000 points in just a week.
- Asian markets are now lower.
- SGX Nifty is down 150 points.
- We are again having a huge gap down today.
- Global markets are under pressure because of high inflation and rising bond yields.
- Today , U.S Inflation is set to be out and also we will have india inflation data as well.
- U.S Inflation is expected to be at a 40 year high of 8.2%.
- Indian Inflation at 6.4%
- For this whole year , Inflation and rising bond yield fears will be troubling us.
- This is not going to be an easy year to make money.
- Midcaps have been outperforming this month compared to Index.
- Midcap index is up 4-5% for the month whereas Nifty is up 1-2%.
- This shows that broader markets are doing much better compared to Index.
- TCS declared results yesterday and the street doesn't look too happy about it.
- Also Nasdaq crash will have IT stocks under pressure.
- The main problem for us is HDFC twins.
- As and when FII's wish to sell , they target these both stocks.
- These are index heavy weight stocks and they are falling rapidly.
- This is keeping index under pressure.
- Today's Inflation data and U.S markets reaction on the same will be very important.
- Most of the times , all the negatives get factored in before the event and when actual event is out markets go up.
- Today this is a possibility.
- Nifty might Trade between 17480 to 17680 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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