- U.S Markets closed higher on Friday.
- Right now Dow futures are lower.
- SGX nifty is indicating a flat Opening near 15700.
- Asian markets are lower.
- July month also begins with FII selling.
- FII's have sold around 2500cr on the first trading day of July.
- Another record is FII's short position stands at 85% in Index Futures.
- I haven't seen such bearishness not even during Covid times.
- As long as FII's hold such huge shorts there is no significant scope of turnaround in the Market.
- I keep hearing lot of crap like Retailers will take the markets higher.
- FII's will surely join retailers etc.
- This is just a crap , FII's are more informed people and smarter.
- These have huge capital and networks.
- These people know lot more than an amateur retailer & news reaches first to these informed people.
- So I expect much more tough times ahead in the Market.
- Fridays price action was again quite volatile & dangerous.
- Nifty fell all the way to 15500 & then revovered with quicker speed.
- Now even large cap stocks like Reliance also facing the heat.
- It was down 7% on Friday.
- Nifty might Trade between 15600 to 15900 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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