- US markets ended Positive on Friday.
- U.S Markets are making fresh highs almost on daily basis now.
- Asian markets are mostly positive.
- SGX Nifty is higher by about 15 Points.
- Friday , the Markets have opened with a huge gap up but the gap ups are Unable to Sustain.
- This is a no follow through market.
- There is no follow through & it's lagging.
- Also , Markets are Trading within a tight range.
- On Friday , Nifty Traded in the range of just 40-50 Points.
- This is because VIX was below 20.
- I feel that India VIX was made a double bottom near 19.5 and has bottomed out.
- FII's were net Buyers whereas DII's were net sellers on Friday.
- Monthly expiries are always Volatile.
- A big move is expected on any side of monthly Expiry.
- My view is Bearish with a Stoploss of 11500.
- Pharma Sector looks topped out and not much steam left there.
- Auto Stocks are Outperforming and may continue to do so.
- Bank Nifty might continue to Underperform the Nifty.
- Nifty might Trade between 11340 to 11480 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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