- US markets ended flat. U.S Markets have been Consolidating from last week.
- Asian markets are also Flat.
- SGX Nifty is now flat near 11270.
- Yesterday I mentioned that Friday yas just a shake off and the Trend would bail us out.
- Yesterday Markets Consolidated until 3 pm.
- Bears tried their best to pull Markets Lower but Couldn't.
- Finally in last 30 mins we Witnessed a good short covering.
- August Month has been a Month of Consolidation.
- Nifty has been Moving all over the place but mean is about 11200.
- Expecting Markets to Consolidate with a big Positive Bias.
- Reliance Underperformed Yesterday and in Spite of that Nifty closed 0.5% higher.
- This shows that Broader markets have also started to perform.
- Midcaps have been Outperforming since the March crash.
- Small caps too have been in a league of their own.
- Underperformer in this Market is Bank Nifty.
- Nifty is just 7-8% from all time highs.
- But Bank Nifty is more than 50% away from it's all time highs.
- HDFC Bank after Aditya Puri stake sale has been Underperforming significantly.
- This is still a buy on dip Market.
- There is a time to buy , time to sell and time to do nothing.
- Now is the time to buy on dips.
- Nifty might trade between 11180-11360 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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