- US markets closed mildly lower Yesterday.
- Asian Markets are mostly negative.
- SGX Nifty is flat.
- Yesterday we had a highly Volatile day but on a close to close basis markets closed flat.
- Bank Nifty is very weak.
- Yesterday Bank Nifty closed in Negative whereas Nifty closed Positive.
- Banks are dragging Nifty.
- This week Bank Nifty is down by 4% whereas Nifty down by 2%.
- This clearly shows Bank Nifty is weak.
- One can even Inititate a pair Trade.
- One can Buy Nifty and sell Bank Nifty until tomorrow's expiry.
- FII's were net sellers Yesterday.
- Whereas DII's were net buyers.
- Today we have RBI monetory Policy.
- Nothing major is expected from the policy and the major expectation is status quo.
- This Policy won't have any sort of long term implications but In Intraday Bank Nifty is likely to be Volatile due to the same.
- On a close to close basis I don't think the policy is going to effect much.
- RBI Governers comment would be the key to watch out for.
- Overall I expect Nifty to expire between 14450 to 14850 tomorrow.
- Also Nifty is likely to trade between above 2 levels.
- Nifty might Trade between 14520 - 14780 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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