- US markets closed a percent higher on Friday and recovered a bit of loss.
- Asian Markets are mostly flat with a Negative Bias.
- SGX Nifty is down 85 Points and Trading near 9825.
- Thursday Evening U.S Markets fell 7%.
- Nifty opened at 9550 but closed at the highest point of the day.
- Fantastic recovery and rally by our Markets in Spite of huge gap down open.
- This Shows there is Strength in the Markets.
- There is no panic selling as we Witnessed in the Month of March.
- Reliance has bagged another Investing for it's Jio Venture.
- Reliance remains a Long Term Recommendation and a must have stock in your Portfolio.
- AGR Telecom Case was Scheduled the Previous Thursday but there wasnt any verdict given ie , 11th June 2020.
- The Case Verdict is now Postponed to 18th June 2020 and is an Important event for our Markets.
- After Witnessing Big Rallies on Friday I expect our Markets to go for Consolidation.
- The Range would be from 9700 to 10100 on Nifty.
- Nifty might Consolidate in this range for few days now.
- FII's were net Sellers on Friday but DII's were net Buyers.
- Yes Corona Virus are increasing daily.
- There is a concern but for every Negative news markets won't fall.
- Markets have already factored in all that thats why Nifty is now Trading near 10,000 or else it would have been near 13000 by now.
- Markets are following Global Cues now.
- Next Big Global Event would be U.S Elections.
- Market is on a buy on dip mode and Trade remains to Accumulate Long Positions on each major dip.
- Shorting the Market after a Good Gap down opening or Chasing the Market after a good upwards opening is not the right way.
- Look to buy into gap down openings & wait for Market to oblige.
- Nifty Might Trade between 9800 to 10000.
- 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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