- US markets ended Mindly higher Yesterday.
- Asian Markets are Trading Mindly Positive.
- SGX Nifty is Trading near 11190.
- Markets have Continued their rally Yesterday as well.
- Those who Carried their positions took Advantage of it.
- Those who Traded Intraday could hardly make any money.
- HUL results were announced Yesterday and they were outstanding.
- Axis Bank came up with decent results and Axis GDR was up 10% Yesterday.
- Yesterday Surprisingly Bank Nifty Futures were Trading at Premium.
- This Indicates Excessive bullishness in the Market.
- 23000 is an Important level for Bank Nifty & once this is taken out Bank Nifty would be eyeing 23300-23500 in no time.
- Bank Nifty can by itself take Nifty higher.
- Another Positive point is U.S Vix is now below it's 200 DMA and India VIX was also below 24 Yesterday.
- This Indicates less fear and less Volatility in the Markets.
- 11200 is also an Important level for Nifty and once this is taken out and we Sustain then we can expect big move here as well.
- For me , it's very simple I have taken long Positions near 10900 and Im just sitting on them.
- Have been Trailing my Stoploss.
- Now my Stoploss for my Long Positions is near 11020-11050.
- FMCG Stocks and Banks are likely to Outperform Today.
- Nifty might Trade between 11080-11320 today.
- 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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