- US markets closed a percent higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is Trading around 11240 now.
- Yesterday our Markets Witnessed large profit booking in last hour.
- Reason was Majorly Reliance.
- Today around 5.30 pm it is coming up with Results .
- So there was a heavy profit booking here.
- The good thing is Yesterday in Spite of Markets closing low most of the stocks were in green and few in red.
- Market breadth was towards Advances.
- Yesterday US fed came up with a Positive Outlook and came up with measures to revive economy.
- Also they have said that they have all the Tools to ensure Liquidity and use it when needed.
- This Created a Positive sentiment and US markets rallied.
- Many people after Yesterdays fall start to Question that has the Trend changed.
- According to me the answer is NO.
- Trend will not change until Global Markets become Bearish.
- As long as Global Markets are Rallying we will also Participate.
- Every dip is buying Opportunity.
- Expecting Today's Expiry to be Rangebound with a Slight Positive Bias.
- Expecting today's range between 11180-11340.
- Will set puts below 11200 and calls above 11350 and keep Adjusting positions.
- Have not Carried any Positions due to event in U.S.
- But that has come on expected lines so there is not much impact on our markets.
- Consult your Financial Advisor and trade on your own risk.
- 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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