POST BUDGET MARKET REACTION

This is budget is considered as the most safest budget that FM can give. Also many Expert says "it is one of the most Realistic budget that any FM can ever give".


Looking at the volume and the market reaction after budget,  its not gonna be very easy for the trader to forecast the market in short term. 


Watching at the PCR which is ~1.1 shows the sign of weakness in the market. 


Caution - 
Trader - For all your trades please put a stoploss for the a logical trades. Do not put your emotions into it
Investor - Do not put lump sum money into the market. for your long term objective it is advisable to follow top bottom approach with a proper eagles eye view.

GOLD HISTORY

RBI Policy - CRR cut by 50 bps

Market spiked to the credit policy !!! Very unexpected CRR cut of 50 bps !!!

Market crossed a important mark of 5080 ( target achieved as mentioned in last blog ) and any closing above 5080 today will make a new trend in the market.

Wish you a happy and wealthy Trading!!!

Market View for Jan 12 Expiry

For this Expiry gonna be a little roller coaster with a positive bias. If we check the market depth from options, huge amount of open interest was built into put options last week and Put-Call ratio stands to be at 1.3 ( which shows a sign of positiveness in the market )


My levels on nifty for this expiry / short term - As this is Q3 results Season, surely the front line stocks results will have an impact on the market but Market gonna be on a positive bias taking all results sentiments. Target on NIFTY - 5080

Dear Investors,

Watch this space for more details about the market, latest news and also the meaning of financial terms that we come across in our day to day life.