- U.S Markets crashed yesterday.
- Right now Dow futures are higher.
- Asian markets are higher.
- SGX nifty is indicating a gap up opening.
- Yesterday was one of the brutal fall in our Market.
- Market opened with a good gap up but then selling started.
- The selling was so severe that we broke the swing low of 16650 and after 1 pm it was out of control.
- Weekly expiry contributed to the issue downside.
- Markets are very weak and any slightly bad news markets ate getting hammered.
- The burning question is what next from here?
- I do not think we have made a bottom just yet and there's more to come.
- Trends don't change so quickly and easily
- There will be pullbacks in between but the markets are expected to remain weak
- Long term investors should review their portfolio and see if their companies are performing well.
- All the Junk stocks bought during Bull Market will go to single digits in coming days.
- Quality stocks will recover much more faster.
- The best thing to do right now is to trade with very little volumes.
- Last 5 trading sessions Nifty has fallen 1200 points.
- Investors have lost 16 trillion in last 5 days.
- Investors should go on a holiday as there's nothing to do right now
- Nifty might Trade between 15200 to 15500 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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