- U.S Markets closed one & a half percent Negative Yesterday.
- Asian Markets are Mildly Negative.
- SGX Nifty is trading closer to 8900.
- Yesterday Nifty opened with a Positive bias but was sold into by End of the Day.
- Bank Nifty continues to Underperform & in turn put pressure on Nifty.
- All the PSU stocks are now Trading near their 20 years low.
- As I Always Believe that the Government is the Worst Promoter & I always stay away from Investing in Government Companies.
- Vaccination building & Implementation takes loads of time all the Rallies RELATING to such news in an Opportunity to sell into.
- India VIX was below 40 Yesterday and U.S VIX was also below 30.
- From past few days , Asian Markets are not reacting to Global Markets.
- Global Markets were Contineously Outperforming but our Markets Continued to Underperform.
- Yesterday Bajaj Finance came out with their results & the results were not so poor.
- Management is highly Transparent RELATING to the hardship & Challenges faced in the Economy.
- Bank Nifty is the true reflection of Economy & right now it doesn't Seem good.
- Expect SBI to go to Double Digits and Double digit PSU Banking Stocks to become single Digit stocks.
- 8800 is a very Important and a Crutial level for Nifty.
- If 8800 is taken out then Possibilities of 8600-8500 open up.
- Nifty is Unable to Sustain over the levels of 9000.
- Selling Pressure is visible near 9000 on Nifty.
- So the Trade is to sell near 9000 if we get a Bounce of any sorts.
- If we do not witness a Bounce then wait for 8800 to be breached on the Downside and sell the same.
- FII's were net sellers Yesterday but DII's were net Buyers.
- So we can expect some Consolidation between 8800 to 9050.
- Sold 8600 & 8500 PE.
- Sold 9200 & 9300 CE.
- All the Trades are of Weekly Expiry.
- Sold SBI 170 CE for May Series.
- The idea remains to sell on Rallies nearer to the Important zones with strict Stoploss.
- Nifty might trade between 8800 to 9050 today.
- Financial Stocks will continue to Underperform and need to be sold into on Rallies.
- 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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