- US markets closed Mindly Negative Yesterday.
- Asian Markets are Trading higher.
- SGX Nifty is up 70 Points.
- Last week for a Complete Roller Coaster Ride for our Markets.
- Market was changing every day and was giving sharp moves on either sides.
- It was shaking all the Option Writers & Trend Traders.
- People are asking me is the Market Bullish or Bearish?
- My answer is the Market is Rangebound.
- The Range is between 10550 to 10850.
- Market is within this range and is giving sharp moves on either sides.
- IT Stocks have come up with Spectacular results this week and have given Tremendous rally.
- U.S is planning another STIMULUS so this news might not make the Market fall much from here.
- FIIs were net sellers Yesterday but DIIs turned Buyers.
- Expecting the Consolidation phase to continue for a while now.
- Reliance after a big rise for few Months and a sharp fall on Wednesday Afternoon might look to Consolidate now.
- Not Expecting a great deal of Momentum or selling today.
- Generally Fridays are days of Consolidation for Markets.
- Bank Nifty gave a good rally Yesterday but it's also very Weak still.
- Nifty might Trade between 10720-10880 today.
- Do not carry any open Positions over the Weekend of weekly Expiry.
- 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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