- US markets closed a Percent higher on Friday.
- Asian markets are Trading Positive.
- Almost everyday we are witnessing gap up of more than 100 Points on SGX Nifty.
- SGX Nifty is up 120 Points & Trading near 9350 as of now.ie , 8.18 AM.
- Reliance is the star of the Show & has given more than 90% return from lows of March.
- Nasdaq has turned Positive for the Year & S&P 500 is up more than 50% from it's lows of March.
- ICICI Bank Announced Results over the Weekend and the Profits took a hit due to higher Provisioning.
- SBI Cards results were announced over the Weekend & Profits were down 66%.
- This was due to no Repayments from Card Holders as RBI has given 3 Months Moratorium Period.
- India may Announce it's Economic STIMULUS Package this Week.
- Several Meetings were conducted over the Weekend over the Discussion related to Economy.
- Bank Nifty is Underperforming Compared to Nifty and ICICI Bank might drive the Bank Nifty movement today if it reacts Violently based on Results.
- FII's were net Buyers on Friday and DII's were net sellers.
- Kotak Bank is going to Announce it's Results on Coming Wednesday.
- In United States , there is a saying " Don't mess with the FED".
- In India , Traders should develop a saying " Don't mess with RBI".
- As long as Government is initiating actions and measures related to Economy one should be Cautious and avoid excess Pessimism.
- Nifty is Trading in a Range of 9100 to 9450 now.
- Markets are fairly lack lusture and there is no Movement / Follow Through.
- Best Thing to do is to sell Gap ups and Buy Gap downs.
- Not Advisable to chase gap ups as Risk - Reward goes out of Favour.
- I do not Expect Nifty to go below 9000 this Expiry.
- Upside Potential remains much higher.
- Once Nifty crosses 9450-9500 & Sustains.
- We can witness the Previous highs of 9850-9900.
- Nifty may keep Consolidating in the above Mentioned Range for 1-2 Days and after the STIMULUS package Announcement it might Break out.
- On the other side I am not Expecting much from the STIMULUS Package but Sentiments might drive markets higher.
- Advice Remains to Sell the Rallies and buy the Dips.
- Don't hold your Positions for too long and come out with what Markets have to offer.
- Buy and Hold Option Buyers will be Trapped this Expiry as well.
- 19000 to 20500 is the Range for Bank Nifty.
- Nifty might trade between 9200 to 9450.
- Government Companies , PSU Banks , MSME Sector should be Focused on the Equity Front as Economic STIMULUS would benefit these sectors.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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