- U.S Markets closed 650 points higher on Friday.
- Nasdaq was up around 2%.
- This was a broad based rally in the U.S Market.
- This should give you a hint as to what the markets are anticipating.
- The day U.S Inflation was announced at 9.1% markets were jittery.
- For 2 trading sessions markets went all over the place.
- After that market started to stabilize.
- This shows market is expecting a reduction in Inflation numbers nect Quarter.
- Hence it is being discounted already.
- Markets work much more faster and discounts future anticipations quickly.
- Asian markets are higher.
- SGX Nifty is close to 16200.
- 16250 was the swing high for Nifty.
- Closing above 16200-16250 should open up the doors for 16400.
- U.S VIX crashed 6% on Friday.
- India VIX fell below 18 on Friday after nearly 3 Months.
- This shows there is not much downside left.
- Chances of market going higher are more slowly and steadily.
- FII's are still net sellers but the amounts have reduced.
- Previously they used to sell close to 3000-4000 crores on a daily basis.
- But now it has dropped to 1000 crores on an average.
- This itself is a positive sign for the Bulls.
- Nifty might Trade between 16080 to 16320 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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