- U.S Markets closed flat Yesterday.
- Right now Dow Futures are mixed.
- Asian markets are mixed.
- SGX nifty is up 70-80 points.
- Yesterday the U.S Markets recovered from lows .
- There was a speculation regarding FED interest rates.
- Some FED people were indicating of a 75 basis points rate hike.
- But FED minutes indicated only a 50 basis point hike.
- This led to a relief rally in the Market.
- Almost on daily basis we are opening with a gap up.
- During the day there's huge FII selling market breaks the previous day low.
- Today is monthly expiry and Volatility is going to be extreme.
- Yesterday Nifty might have closed slightly lower but there was huge pain in mid and small caps.
- Mid caps closed lower by more than 2% yesterday.
- Advance Decline ratio was 1:6.
- For every 1 stock advancing 6 stocks were declining.
- When there is no support from broader market the rallies won't sustain.
- This Market fall is a repeat of 2018.
- Where index won't fall much but mid and small caps keep crashing
- It's like a slow poison injected into the Market.
- Nifty might Trade between 15900 to 16200 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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