- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- Though there is a dip from the highest point.
- There's a news that Russia is testing a missile nuke
- Threats of missile attacks and nuclear attacks still around the corner.
- There's a dip in Global markets due to this.
- Asian markets are mixed
- SGX Nifty is up 30-40 points.
- Tuesday last hour there was a shock in markets.
- Nifty and Bank Nifty both collapsed suddenly without any major news.
- I tried hard to look for some negatives but there was hardly any.
- Such sudden crashes make fear creep into longs.
- People are afraid to go long as they do not know which news might damage and have an impact on markets yet again.
- Right now I sense markets are in a range of 17000 to 17350.
- Though for a brief moment we broke 17k and closed below.
- That was just an irrational move.
- Market on close to close basis are at same level as on last expiry.
- Volatility within this has been huge.
- Hdfc twins looked like they have finally settled yesterday.
- IT gained strength because of Nasdaq.
- Netflix results were poor but most importantly management commentary was highly cautious.
- Netflix management said there was a global slowdown due to which subscribers have been lost.
- Recently many rating agencies have also reduced the Global growth rate considerably.
- If there's Global slowdown due to war , inflation etc then surely it will dent the Market sentiment.
- Nifty might Trade between 17000 to 17300 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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