- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- SGX nifty is higher & trading at 15900.
- Markets all over the World are witnessing a short covering rally.
- All the Markets are up and there's greenery everywhere.
- There's a saying that when markets go higher on bad news that's when it has bottomed out.
- Even after persistsnt Inflation issue pointed by Fed markets have been moving higher from last 4 trading sessions.
- Is the worst already discounted or more is yet to come?
- I don't think the worst is already discounted.
- This could again be a dead cat bounce like many bounces happened in the past.
- 16000 CE has highest open interest.
- For this expiry.
- So if you are long this is a good place to take off profits.
- Also after such huge gap up going long doesn't favour risk reward.
- There are 4 Trading days left for expiry.
- So the Theta decay would be quick.
- 15700 to 16000 opens up now
- Markets closed at 15700 on Friday.
- Whenever there are large breakouts they are mostly by huge gaps.
- As big players do not want retailers to participate.
- Nifty might Trade between 15700 to 16000 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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