- U.S Markets closed flat yesterday.
- Right now Dow futures are slightly lower
- SGX nifty is higher & trading at 15750.
- Asian markets are lower.
- Markets all over the World are in a consolidation phase.
- Markets not reacting negatively to headline news is in itself a positive outcome.
- June also we are closing negative.
- Every month since November we are closing negative.
- This indicates a bear Market.
- The trend is towards downside.
- Yesterday the GDP expectations were -1.5%.
- But the actual figure came at -1.6%.
- Even then there was not much swing in U.S Market.
- Infact U.S VIX closed lower yesterday.
- India VIX refuces to fall gradually.
- Someday there will be huge gap up & India VIX will directly fall 10% at open.
- Not giving anybody any Opportunity to enter.
- The Large gap ups and gap downs have been another problem to tackle now.
- Last 2 days Nifty has been trading in a narrow range of 150 points.
- 15700 to 15850 has been the range.
- I would wait for a break below 15700 to short Intraday.
- Else would short near 15800-15850.
- I won't look to buy I would only look for shorting opportunity today.
- Yesterday Reliance was the only saviour for Nifty.
- Bank Nifty was quite weak.
- Nifty might Trade between 15500 to 15850 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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