- U.S Markets closed lower Yesterday.
- After 4 consecutive massive upward days yesterday there was a bit of profit booking.
- Asian markets are trading lower.
- SGX Nifty is trading close to 17300.
- Today after many days we are about to open flat / negative.
- Last 3 trading sessions we opened with huge gap up on daily basis.
- FII's have turned net buyers.
- They have bought for over 2000+ crores yesterday.
- DII's as usual do opposite of what FII's do.
- DII's booked some profits yesterday.
- Consolidation is the need of the hour for Bulls.
- Markets cannot keep going higher at such rapid pace.
- If it keeps going higher at this pace , as and when fall comes it will be severe.
- We have RBI event coming up this Friday
- It's better if we don't go into the event with huge optimism.
- India VIX was up 6% yesterday after many days.
- Bank Nifty is now close to 38000.
- Just before a Month I was hearing about recession everywhere.
- The term recession has been wrongly interpreted.
- There are 2 terms , recession and slowdown.
- Right now we are witnessing slowdown in Global economy and not recession.
- Recession is where more than 50% of the Corporates lose their Jobs.
- Nifty might Trade between 17200 to 17400 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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