- US markets closed higher Yesterday.
- S&P 500 is just a percent away from it's all time highs.
- We are almost 1000 Points away from all time highs.
- Asian markets are mixed.
- SGX Nifty is totally flat.
- Yesterday, our markets were highly volatile.
- Wednesdays are typically very high volatile days.
- After a big Gap up Yesterday Markets Witnessed big selling pressure.
- After that it Traded flat for the whole day.
- As Expected Yesterday Markets Consolidated for almost the whole day.
- Reliance also Witnessed big profit booking after touching it's fresh all time highs.
- Markets will be closely tracking Lupin results today.
- But most important is RBI policy at 11.30 AM.
- Markets are speculating as to what is RBI trying to come up with today.
- Will RBI extend Moratorium? Will RBI cut interest rates? Etc etc.
- Talk of the Town is RBI Policy.
- Interest rates are already very low and it seems less probable to reduce them more .
- Moratorium if extended can break the back of the Banks.
- RBI has a history of Surprising everybody and coming up with Something unexpected.
- I will square off all my Positions before 10 AM today as events can create big Volatility.
- Specially on the days of Expiry
- Nifty might Trade between 11000 to 11300 as the Key event is ahead of us.
- Intraday Option writing should be avoided 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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