1. U.S Markets closed mixed Yesterday.
2. U.S Futures are trading flat right now.
3. Asian markets are mixed.
4. Global cues are mixed currently.
5. Big news is Bank of England has cut rate by 25 basis points.
6. This is the first rate cut in last 5 years by them.
7. This time they are advancing before FED.
8. Will FED cut the rate now is a matter of debate.
9. But I think FED and RBI will take some more time
10. Get a confirmation relating to Inflation etc and then cut the rates
11. Markets have been very volatile
12. Specially the last 1 month.
13. Volatility was it its peak.
14. Now VIX is below 18.
15. VIX below 18 indicates low Volatility and stability.
16. VIX below 15 is an ideal zone.
17. Expect markets to consolidate for a while now.
18. Now the focus will shift to Budget and next FM policies
19. FM here is Finance Minister.
20. If Nirmala Sitharaman gets elected again , markets wouldn't take it Positively.
21. Nifty might trade between 22600 to 23000 today.
Comments