- U.S Markets were up 1.4% Yesterday.
- Global Markets are touching fresh highs almost on daily basis.
- Asian Markets are Positive.
- SGX Nifty is Trading near 11500.
- Yesterday I mentioned that my view was Bearish but it went wrong.
- Nifty however took Resistance near 11500 but it's a matter of time till it breaks out.
- I have changed my view to Bullish during the day Yesterday.
- A Trader should know when to change views and not be stubborn to keep Trading based on the same old Practice.
- Bank Nifty is carrying Nifty & Building Strength in the Markets.
- FII's were Net Buyers Yesterday & DII's were Net Sellers.
- Everybody is wondering what's taking this market higher.
- Economy not doing well , Businesses not Performing well due to Lockdown.
- So why are Markets going higher.
- I have answered this in my Q&A Session done this weekend.
- Reason is Interest Rates which is leading to big Liquidity in Stock Markets.
- Bank Interest rates have been lowered.
- Fixed Deposit interest rates are less than 4% in India.
- In U.S there is Zero percent interest rate for Savings and Fixed Deposit.
- Gold is at life time high.
- Month of March heavy money went into Gold.
- Now there Profit Booking started and money is flowing into Equities.
- Retail Participants those who missed Nifty near 7500 a FOMO ( Fear of Missing Out) has been creaping in.
- So fresh money is also getting added into Markets.
- This seems like a Xerox Copy of the year 2017.
- In 2017 Midcaps and Smallcaps gave a return of more than 50%.
- Nifty return was 30% and a huge Euphoria was created.
- Then we Witnessed Bear Markets for 2-3 Years.
- We are exactly going through Bull Phase now and it will last longer than you think.
- Once 11500 breaks the target is 11600 on Nifty.
- Sometimes rather than Overthinking it's just better to go with the Market.
- Nifty might Trade between 11420 to 11580 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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