- U.S Markets closed flat Yesterday.
- The closing was as flat as it can get.
- Dow futures are slightly higher right now.
- Asian markets are flat.
- SGX Nifty is +20 points.
- Today we are going to have a low volume trading session.
- As Monday is Independence day.
- Many market participants are off to a Vacation yesterday night.
- So expecting today to be at least 50% decrease in volumes than usual.
- Yesterday Market opened with a huge gap up & stayed flat throughout the day.
- India VIX fell 5% yesterday.
- This is the price action almost on an everyday basis now.
- Market opens either with a huge gap up or gap down.
- Stays flat throughout the day.
- From November to June Intraday traders were finding it easier to trade because of huge gaps.
- Now positional traders are making lots more money as Market is moving along a trend
- There are no sudden reversals nor news flow.
- So no strategy works always.
- Every strategy has its periods of underperformance and outperformance.
- You need to be sure about this before you enter trading.
- Do not skip your strategy and keep hopping onto a new one just because it hasn't worked for small periods.
- Nifty might Trade between 17600 to 17800 today.
- We might witness some profit booking in second half today.
- As people who have been long throughout the week have made good money.
- They would like to book profits anytime
- 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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