- US markets opened 2% higher yesterday but was under selling pressure in the last Hour.
- In the last hour, S&P 500 lost almost half of the gain.
- That is due to a news report that said Trump is considering sanctions against China.
- Asian markets are mixed.
- SGX Nifty is Flat.
- Another issue which nobody is talking about is India - China Border issues.
- Yesterday , for the first time in May Series Bank Nifty Outperformed Nifty.
- Bulls were Unable to take away the Resistance of 9200 on Nifty.
- Markets fell 150 points from Yesterday Intraday high.
- HDFC ltd even after bad results was up 3% Yesterday.
- Financial Stocks Seem to be bottoming out of their Bear Market.
- On the other hand , Bajaj Finance is making 52 weeks low on a daily basis.
- In Spite of VIX being down , there was huge Volatility Yesterday.
- Both FII's & DII's were net Buyers Yesterday.
- Our Markets are not following the Global Markets
- Dow Futures were up 2% Yesterday but our Markets closed near the lows of the day.
- 9000 PE has the highest open interest in Weekly Expiry.
- If 9000 is taken out on Nifty Significantly then we can expect 50-80 Point quick fall in Nifty.
- Short term range for Nifty is 9000-9200
- Kotak Bank is coming up with a QIP.
- QIP launched with a Max discount of 5% on the floor price.
- Our Markets Seem to be in a Consolidating mode and waiting for some big triggers to respond.
- The Triggers might come from Macro Environment and not from Micro Environment.
- Indian Markets are highly Underperforming the World Markets.
- Nifty is in a Broader range of 8800 to 9200.
- Best Trade is to take Contra trades near the Boundaries as the risk reward is in our Favour.
- Bank Nifty might Underperform today due to Kotak Bank QIP.
- QIP will place pressure on Bank Nifty today.
- So sell on Rallies Strategy can be applied for Bank Nifty near 17800-18000.
- IT Stocks might Underperform today due to Macro tension. So one can explore Shorting Opportunities here.
- 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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