- U.S Markets closed lower in previous two trading sessions.
- Asian markets are lower.
- SGX Nifty is down 350 points near 17500.
- Now why such huge gap down?
- I don't know. Infact nobody knows.
- Everybody is just guessing as of now.
- Tuesday was a shocking and surprising market move.
- Markets kept on rallying higher and higher without any corresponding news.
- It took everybody including me by surprise.
- Now this gap down is another surprise.
- Option sellers specially naked sellers are having a very painful time.
- Thank fully we just have spreads and no naked positions.
- Volatility is getting out of order now.
- That too when it happens with huge gap openings.
- After such huge gap down , shorting goes out of order.
- Look to buy once 17500 is crossed on Nifty with a stop at days low.
- Do not carry positions in these kind of markets.
- FII's bought heavily on Tuesday.
- This could be an eye wash so they could load higher junk to retail in future.
- Im very skeptical about Tuesdays move and also today's gap down.
- Sometimes , overthinking doesn't help and accepting markets the way they are is the only solution.
- Switch off your brains and trade price action , risk reward that's the only suggestion.
- Nifty might Trade between 17350 to 17700 today.
- 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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