USA Interest rate hike has occured and so mkt will open gap down. Trade using our bank nifty option tips and start rolling in profit every day.
Powell has given hawkish commentary with qtr percent rate hike. So, more banks in USA will collapse. It appears in order to tame inflation, Powell has only one medicine and that is to raise interest rates. Bond mkt behaviour is suggesting that we may see a rate hike in next meeting and balance of year we may see rate cut to occur. Yellen has made statement that they cannot blatantly assure that whole money above 2,50000 dollar in a bank per client is assured and this statement can lead to bank run.
Strategy is to Trade Light. Keep away from IT stocks as they have lot of business with USA small banks which are on verge of collapse.
