- US markets closed 2% higher Yesterday.
- Asian markets are in Green but off their highs. Some markets are turning negative.
- SGX Nifty is down by about 50 Points and Trading near 9000.
- Yesterday in first half Nifty was Trading between 8900 to 9000.
- Second half of closing we Witnessed a short covering rally towards 9100 but this level Couldn't be broken.
- FII's were net sellers Yesterday and DII's were net Buyers.
- India VIX & U.S VIX are declining Contineously.
- This shows that the fear is lowering amount the Stock Market Participants.
- Financial Stocks Witnessed a short covering rally Yesterday.
- Bajaj Finance also ended 5% higher after it's results .
- 9100 CE has the highest open interest today for the Weekly Expiry.
- Once this level is taken out we can witness another rally of 50-60 Points on the Nifty.
- Until then not Expecting any Big moves for Markets today.
- First half is likely to be in a Consolidating phase.
- Government is Slowly opening up Airlines , Raliways in a phased manner.
- Restarting of Economy is the biggest STIMULUS for our Economy.
- Sold 9300 , 9400 CE also Added 9250 CE Yesterday.
- Sold 8800, 8700 , 8600 PE .
- All these Trades are of Weekly Expiry and are likely to open at single Digits today.
- Sold 16800 Bank Nifty PE & also 18500 CE.
- IT Stocks are looking weak & will continue to face weakness this Expiry.
- Nifty might trade between 8950 to 9150.
- Bank Nifty might trade between 17300 to 18000.
- 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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