- U.S Markets closed slightly higher Yesterday.
- Right now Dow futures are lower.
- SGX nifty is indicating a slight positive opening near 16030.
- Asian markets are mixed.
- Price action and Global markets action depicts market is unwilling to fall
- There has been a lot of stability in our markets from past 12 trading sessions.
- Every dip is getting bought and Market is unwilling to go lower.
- Global markets as well are highly volatile but at the same time gradually moving higher.
- Most important is the VIX.
- U.S VIX is now below 27.
- FII's selling has reduced to 364 crores yesterday.
- This is quite less compared to what they used to sell earlier
- Earlier sell figures were not lesser than 2000 crores at any point of time.
- DII's bought for 1460 crores yesterday.
- We should be happy as long as FII's don't sell too much.
- Intraday volatility is increasing day by day.
- Intraday volatility and India VIX should go below 18 for markets to subside.
- Nasdaq showing remarkable resilience.
- Expect Indian IT sector to move upwards from here.
- In the short run I sense our IT sector has bottomed out and I have taken many long positions on the same.
- Today's expiry is likely to be flat closing with huge Intraday volatility.
- Nifty might Trade between 15860 to 16080 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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