- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 200 points
- This is a huge gap down.
- Yesterday many traders sold huge put options from 17500 to 17700.
- These people will have trouble at opening itself
- Nasdaq has fallen for 7 consecutive trading sessions.
- This is a scary fall.
- Indian markets have been outperforming in spite of such terrible global cues.
- This was my major worry as this cannot keep continuing for long
- When Market falls it will be ferocious as well.
- 18000 is the Market top till Diwali.
- Im Positioning my trades based on the same analysis.
- Yesterday Reliance supported Nifty.
- Else position of Nifty would've been worse
- Nifty has been trading between 17450 to 17700 for a long time
- Closing below 17450 today would lead to more pressure
- U.S Markets traded with huge Volatility yesterday.
- Expect Volatility to shoot up in Indian markets as well.
- Nifty might Trade between 17350 to 17650 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
Comments