- U.S Markets closed higher Yesterday.
- Right now Dow Futures are lower.
- Asian markets are lower.
- SGX nifty is down 30-40 points.
- Our Markets for the past week have been moving violently between 15700 to 16400.
- This is because of higher uncertainties in the Economy.
- Yesterday despite of very good news of reducing fuel prices etc markets couldn't hold on to gains.
- This is because such reduction in commodity prices will now be compensated by additional borrowing.
- This will cause a negative impact on Economy.
- FII's want to sell everything and exit India.
- They have been selling huge since past 5 months
- Billionaires like Jeff Bezos and Elon Musk are hinting towards recession in coming future.
- This is making markets even more jittery.
- This Volatility is only due to higher Uncertainties prevailing currently.
- I don't think it's going to stop anytime soon
- One has to be light on their positions and better be away if not that skilled as this could make you bankrupt.
- Yesterday in last hour Nifty crashed 200 points and Bank Nifty crashed 800.
- This isn't the first time we are seeing such sudden collapse.
- 16400 is a stiff resistance for next 3 days.
- The most threating news is even next month Nifty futures are trading discount to spot.
- This shows how excessively the Market is Bearish.
- One good news can trigger huge rally.
- There seems to be no such thing as of now.
- Nifty might Trade between 16100 to 16400 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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