- US markets were Trading Negative on Friday but in last 45 minutes U.S Markets closed in Green from being down more than 300 points.
- Asian Markets are all over the place and are Trading Mixed.
- SGX Nifty is Trading Negative by 60 Points.
- First thing which im noticing in all the Markets is contraction of Markets.
- Contraction of Markets means a few stocks performing well , mostly index heavy weights.
- U.S Markets the highest Weightage is of Amazon and it has come up with great results
- Indian Markets , Reliance has more than 15% weightage. Due to Reliance itself , our Markets have Witnessed big rally in the Month of July.
- So these handful of index Heavyweights are only Rallying.
- Other way of looking at it is Bank Nifty seems to be very Weak.
- Banking stocks havent joined the rally yet.
- So Bank Nifty is a major index to measure about Economy.
- Because of handful of companies Nifty crossed 11k.
- Auto Sales have imported Considerably and all the companies have posted very good sales numbers over the Weekend.
- This Thursday we have an important RBI Policy.
- This would be a major event for Bank Nifty.
- Advice is to remain Cautious on the upside.
- 11000 is a major support on Nifty and 11300 is a major Resistance.
- Once 11000 breaks then we may witness further selling in the Markets.
- FII's have turned Net Sellers whereas DII's remain Buyers.
- Reliance also seems to have lost it's Momentum and has Corrected 5-6%.
- August Series will be highly Volatile and Trading without Hedging can lead to destruction of Capital.
- SEBI new rules will be Implemented in a Staggered manner from Dec 2020.
- All the Intraday Traders who used to get fancy 15-20 times Leverage will become a history now.
- Positional Hedging seems to be the next good way to trade.
- Nifty might Trade between 10920-11060 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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