- U.S Markets closed lower on Friday.
- Right now , Dow Futures are lower.
- SGX Nifty is down 100-120 points
- Asian markets are mostly lower.
- Friday session was a intense volatile one.
- Before RBI press conference , markets were down.
- As soon as it got over , there was a heavy short covering rally.
- This rally had powered Nifty above 17k.
- Trend is sell on rally.
- There will be powerful short covering rallies.
- In due course , they would be sold into.
- U.S Markets look very weak
- Apple is down 10% now in last week.
- When Bluechips start to callapse that's when markets bottom out.
- Bottom is quite far away now.
- I don't think it's been done yet.
- U.S VIX is still above 30.
- This is a dangerous sign
- Look to sell on rallies and prefer only trading Intraday.
- Carrying over Positions is quite risky in this environment coz of huge gap openings.
- Nifty might Trade between 16800 to 17100 today.
- Range on Friday was too big
- Expecting an inside candle / consolidation 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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