- U.S Markets crashed yesterday.
- Right now Dow futures are higher.
- Nasdaq crashed 3% yesterday and closed at 52 week lows.
- This is because both Tesla and Twitter are down after Elon Musk deal.
- SGX nifty is down 150 points
- U.S Markets are making huge moves everyday and are highly volatile.
- This is making our markets volatile as well.
- Yesterday Nifty saw a huge short covering rally at the end.
- Everything was Bullish.
- Today we have a gap down.
- Such stuff makes life very difficult for traders.
- Today we have many key corporate results in U.S
- These would decide the future course of action.
- LIC is expected to come with IPO in the first week of May.
- They have reduced the size from 5% to 3.5%.
- Also there is a good discount of retail allotment.
- These are some positives coming out of IPO Market.
- U.S markets are expected to remain volatile until FED meet.
- Our markets do follow global cues but we are outperforming all global markets in short run.
- Nifty might Trade between 16980 to 17220 today.
- Yesterday there was heavy put writing at 17000 , 17100 & 17200.
- FII's have been selling fromast 14 sessions
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Comments