- U.S Markets closed higher Yesterday.
- Dow futures are higher right now
- Asian Markets are higher.
- SGX Nifty is up 180-200 Points.
- We will have a gap up opening today as per SGX.
- Yesterday was the day of Bank Nifty.
- All the Banking stocks zoomed yesterday and Bank Nifty flew.
- Reason was the results of Mother Bank , HDFC Bank.
- When the leader of the pack announces fantastic numbers , it's implied that the pack would also declare good results.
- U.S VIX crashed 5% Yesterday.
- Expecting India VIX to close below 18 today.
- India VIX below 18 is safe.
- Below 15 is super safe.
- 17500 is a crutial level to watch out for.
- As this is the upper band of the range , a close above this would indicate further strength and momentum in the Markets.
- Bank Nifty is likely to outperform Nifty for this expiry.
- Will exit all my longs on today's gap up.
- Would build fresh longs only on a close above 17500.
- Nifty might Trade between 17300 to 17600 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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