- U.S Markets were down 0.5% on Friday but now Dow Futures are Trading higher by 0.5%.
- Asian Markets are Mindly Positive.
- Also Asian Markets are not reacting to U.S Markets
- SGX Nifty is Trading near 11210.
- On Friday there was a gap down of more than 100 Points on Nifty and Bank Nifty was down 500 Points at one time.
- But Markets recovered Sharply from there on & closed near the highs of the day.
- This shows that the Bulks are in control of things now.
- FII's have been Contineously buying and as long as they buy markets cannot go down much lower.
- Another stock which is not looking to stop is Reliance.
- Everybody is waiting for a correction in Reliance but there has been no Opportunity.
- Everyday it is Witnessing new highs.
- 11050 to 11250 is the short term range for Nifty Currently.
- Once 11000 is broken we will get sharp towards Downside or if 11300 is taken out we might Witness sharp Momentum on the Upside.
- Until then Markets will just move within this range.
- ICICI Banks results were announced over the Weekend and the results look good.
- Asset Quality has improved Significantly.
- Interesting to see how this stock performs today.
- ITC also has come out with above average results.
- Generally , in Monthly Expirys , Big moves come in 2nd half of Tuesday.
- I would be waiting for that Big move to come in to Trade into.
- Until then it should be fairly Rangebound Market.
- Trend is Positive so it is a buy on dip market until 11000 is broken.
- Nifty might Trade between 11140 to 11300 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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