- U.S Markets closed higher Yesterday.
- Asian markets are higher right now.
- Dow futures are up 100+ Points.
- SGX Nifty is up 200 points
- Yesterday market opened with a gap down.
- But this gap down was bought into immediately.
- Within first hour market turned green.
- Consolidated and slowly moved upwards.
- Once again yesterday, market closed at the highest point of the day.
- Bank Nifty too witnessed the same
- Yesterday 16300 CE had the highest open interest.
- All these traders shifted to 16400 and they will be trapped again after today's huge gap up.
- I've been repeatedly saying the worst is over and markets will surprise you on the upside.
- If you are following the same you must have good money.
- FII's were also net buyers for 980 odd crores yesterday.
- This is a raging Bull Market rally that's killing shorts.
- After 16400 , 16500 and 16800 open up.
- Do not fight with the Market , just go long near supports and dips.
- Yesterday I had mentioned that sideways movement will be good to be long in the Market.
- Nifty might Trade between 16400 to 16600 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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