- US markets closed Lower after 7 days of Outperformance.
- This must be a Normal Profit booking as they hit Fresh all time highs Yesterday.
- Asian Markets are mostly lower.
- SGX Nifty is down 100+ Points.
- Previous Metals like Gold Silver were all down Yesterday.
- Gold was down 5% and silver was down 12%.
- It's Amazing how one Night can change total set up.
- But still I feel that Trends do not change in one day.
- Our trend is Bullish and every dip is buying Opportunity till the Trend bends.
- Markets have been Moving very Volatile between 11100 & 11400 and expiring near 11200.
- 11200 seems to be the mean for Markets now.
- Markets going everywhere but coming back to 11200.
- Yesterdays upmove was Majorly because of Bank Nifty & Reliance.
- Reliance reversed back from lower end of it's range of 2100.
- Markets recovered from there after touching to 11300 Yesterday.
- Markets will give these moves and keep bears active and Eventually trap them.
- So the best idea is to follow the Trend and build positions with the Trend.
- Going against the Trend way too early can make you Bankrupt.
- ITC also Supported the Markets Yesterday.
- IIP Data was better than Previous Months IIP Data.
- FIIs were net Buyers Yesterday and DII's were net sellers.
- No big change out there .
- Nifty might Trade between 11180-11340 today.
- Market will be highly Volatile today and generally wednesday is high Volatile day.
- 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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