- U.S Markets closed higher Yesterday.
- Asian markets are mostly mixed right now.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- Since last many days , Nifty is opening flat.
- There is an Unfortunate development in the Global Markets.
- As per me this shouldnt be a serious affair.
- In the short term, this could lead to Volatility shocks.
- So be careful is you are carrying overnight positions.
- Carry with a hedge as any development could lead to big gap openings.
- Right now the Markets seem to be ignoring this news and have began to recover.
- Yesterday was again a strong closing for our Markets.
- Nifty closed at the highest point of the day.
- This again shows a positive momentum and strength In the markets.
- Any sort of dip is a buying opportunity.
- Yesterday we got a dip and look how it was bought into by the Bulls.
- I consider this an option sellers year.
- Last 2 years only directional sellers made money.
- This year non directional traders could make huge with appropriate risk management.
- Option buyers will have a rough time.
- Texture of markets have changed.
- Nifty might trade between 18300 to 18500 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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