- U.S Markets closed flat yesterday.
- When we were trading Dow was up 250 points.
- All these gains have been given up during trading hours in U.S.
- Asian markets are higher right now.
- Dow futures are also higher.
- SGX nifty is down 50-60 points.
- Yesterday Market showed remarkable resilience throughout the day
- We at one point of time Even hit 16400.
- Then the last hour selling again was disturbing.
- Today is a very important day in U.S markets.
- Today we will be having the Inflation data from U.S
- Market Positioning is nothing new and similar as always.
- Markets seem to have already discounted the worst.
- Any positive surprise could trigger a short term rally.
- Markets are so oversold all over the world.
- It's not the right time to create shorts.
- Look for pull backs and short covering Rallies from here on.
- Last 2 days fall has been mostly due to Reliance.
- Once Reliance stabilizes and bottoms out then the downside will be limited.
- Hdfc bank ADR was up 5% yesterday.
- Yesterday Bank Nifty throughout the day showed great strength and outperformed the Nifty.
- Nifty might Trade between 16100 to 16400 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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