1. U.S Markets closed lower yesterday.
2. Right now , Dow Futures are higher.
3. Gift Nifty is up 50-60 points.
4. Asian markets are mostly lower.
5. Today is the D - day we all have been waiting for.
6. Before the big day , U.S Fed has taken all the limelight.
7. FED yesterday in its decision informed that they are delaying rate hikes for now in order to get more confidence on controlled inflation.
8. Markets were expecting a near term rate cut.
9. FED Hawkish comments caused a sudden sell off in markets
10. My expectations for the budget is its going to be a non - event.
11. All the reasons why is it going to be a non - event which I feel has been discussed in blog yesterday.
12. Budget might have intraday Volatility but won't effect long term view.
13. Yesterday was one of the fierce rally in mid & Small cap stocks.
14. Mid & Small Cap index were up 2% on an average.
15. Right now markets are going up 2 steps and then going down 1 step.
16. If markets fall for some reason the next day it takes out the previous fall.
17. And it goes even more higher.
18. This indicates a strong & a fierce bull market
19. Nifty might trade between 21450 to 22000 today.
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