- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX nifty is indicating 80-100 points gap up.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Last 2 days it was a gap down , today it is a gap up.
- Today the focus is on RBI.
- RBI policy is due at 10 AM today.
- RBI Governer has already prepared market this time for a rate hike.
- Previously , this wasn't the case.
- RBI gave a shocker to the Market by suddenly doing a hike.
- This shocker caused the Market to crash.
- Expecting a no shocker policy from RBI today.
- As they know it's repurcussions could be dangerous.
- There would be Intraday volatility going into the policy but I have a gut feeling option sellers would make good money today.
- Specially put writers.
- U.S VIX crashed 5% yesterday.
- Expecting India VIX to go down after the policy as well if policy is as per expectation.
- Stoploss for long trades and put writing should be 16350 ie , yesterday's low.
- Do not chase the gap up , expecting some selling during the day and that's a good place to go long.
- As long as rate hike is below or equal to 50 basis points , Bulls should be happy.
- Nifty might Trade between 16340 to 16600 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
Comments