- U.S Markets closed higher yesterday.
- Most importantly , S&P 500 VIX crashed 10%.
- There was huge Volatility in global markets due to Fed event.
- Markets remain volatile only when they have topped out or have bottomed out.
- Right now I feel we have bottomed out at 16850.
- Asian markets are slightly lower now.
- Dow futures are lower.
- SGX Nifty is at 17500.
- Finally , the most awaited day has come.
- Budget 2022 is going to be presented today.
- Expectations are of a good and stable budget.
- Reasons are the Elections coming up and LIC IPO in March.
- Govt very well knows if LIC IPO has to go through , Market sentiment has to be good.
- Without good market spending it would be very difficult for IPO to go through.
- Market had already fallen a lot before the budget.
- Although we have rallied in last 2 days but still we have some upside left.
- Though I feel it's not favourable to chase today's gap up.
- Today's gap up is a good opportunity to book profits those who carried longs.
- Budget Volatility could offer dips and that would be good opportunity to accumulate.
- Volatility will be huge so Daredevils only can trade such markets
- If you cannot handle volatility/ MTM loss on screen it's better to stay out.
- Nifty might Trade between 17200 to 17800 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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