- U.S Markets were down 2% in the First Half of Yesterdays Session but closed 1% higher.
- Asian Markets are Mixed.
- SGX Nifty is Trading near 9130.
- So far in May Series Nifty has been trading in a broad Range of 9000-9500.
- Within this Range Nifty is very Volatile.
- While Everybody was Optimistic about the 20 lakh crore ECONOMIC PACKAGE.
- For me it's a mere Eyewash.
- Markets has given all the Gains due to Economic Package sentiment and are now Trading even lower than their previous levels.
- WHO ( World Health Organisation) announced Yesterday that Corona Virus is here to stay for life.
- General Fact : EBOLA was the Virus for which the Vaccine had been developed the Fastest in the History of the World.
- The Vaccine took a record low timeframe of 4 Years to be developed and Implemented.
- Corona Virus Vaccine to be developed in 1-2 Years seems highly Unlikely.
- FII's have been Net Sellers Yesterday and have sold more than 2000 Crores.
- DII's were Net Buyers and bought around 800 Crores.
- DIIs bought for Rs 802 crores.
- Nifty Expired almost at the same level of 7th May with Big Volatile moves in between.
- India VIX continues to fall despite such Volatility.
- Yesterday During Market hours News was announced that Railways all refunding all the Tickets booked upto June 30 for all Passenger Trains.
- This might be a sign of extension of Lockdown.
- IT Sector fell more than 3% Yesterday , Reliance silently has fallen 10% for this Week.
- Leadership from any of the Sector seems lacking for Nifty.
- Bank Nifty continues to Underperform.
- Nifty might trade between 9000-9200 today.
- As long as Nifty Trades between 9000-9500 we are in a Rangebound area.
- Once 9000 is Breached and Sustained we can expect a fall of 100 points and next support is near 8900.
- PSU banks remain weak and can be good selling Opportunities for today.
- 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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