- U.S Markets closed mixed Yesterday.
- It was a high volatile session in U.S Markets Yesterday.
- Similar was the situation for Indian Markets yesterday.
- U.S Markets were up 300 points at one point of time and then they tested swing lows finally closing mixed.
- Indian Markets yesterday crashed in last hour and closed below 17k.
- India VIX shot up above 20 yesterday.
- Put premiums of all monthly options doubled in last hour itself.
- Such severe was the fall.
- SGX Nifty is now up 30-40 points
- Asian markets are majorly lower
- Today we will be having U.S Inflation numbers
- These could make or break the markets.
- Upto some extent I expect markets have factored in the same.
- Relief rally can be expected with possibility of a small downside.
- All the Bluechip stocks got sold heavily yesterday.
- IT Stocks opened higher after TCS results but got sold off during the day.
- Bank Nifty outperformed Nifty yesterday.
- I used yesterdays fall as an opportunity to sell monthly Puts 16400 and below.
- Expect U.S VIX to fall after Inflation numbers as well
- This could erode a large of option premiums.
- Nifty might Trade between 16950 to 17200 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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