- U.S Markets closed higher yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is up 80-90 points.
- April series has started with a bang.
- Nifty rallied 200 points on Friday and most of it was contributed in the last hour of trade.
- Yesterday again just before opening there was a big breaking news.
- The merger of HDFC Ltd and hdfc Bank.
- SGX Nifty was down 30 points yesterday.
- But due to this news there was a huge buying in HDFC twins.
- And we had a huge gap up.
- FII's who have been selling these 2 stocks left right and centre since 6 Months got trapped.
- This propelled huge short squeeze.
- Yesterday all the rally has been contributed by these 2 stocks itself.
- Both FII's & DII's were net buyers again yesterday.
- We have had a fantastic rally from 15700 to 18100 in just a Month time.
- This could easily go on till 18500.
- Then we have to look for all time highs to be taken out to get further momentum.
- Expect consolidation between 18000 to 18400 for next 3 trading sessions.
- Do not go short in this Market.
- I know many Bears who got killed yesterday and many who are still short.
- They will also be killed soon.
- Follow the trend and don't stand in between the momentum.
- Nifty might Trade between 18100 to 18400 today.
- 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
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