- 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 on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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