- US markets ended Flat Yesterday.
- Asian Markets are Trading Negative.
- SGX Nifty is Trading near 11510 & down by 100 Points.
- Just a Month to go for the U.S Presidential Election.
- This will be a major event for the Markets and will decide the Future course of Action.
- Currently we are Consolidating with a positive bias.
- U.S Fed made an Important Announcement Yesterday that there would be low interest rates for next 3 Years.
- This is a positive thing for Equity markets as low interest rates increase Liquidity in the Markets and fusion additional cash.
- IT Stocks and Reliance are Trading at fresh all time highs.
- Pulling up Nifty higher.
- Bank Nifty is still very very weak.
- Was up only 0.5% Yesterday while Nifty was up more than a Percent.
- Clearly Money is not chasing the Financial Stocks as of now.
- Markets can continue to be Irrational more than what you can imagine.
- Today is weekly expiry so Expecting some Volatility going ahead.
- Bank Nifty in itself will be highly Volatile today.
- I do not think Markets will make any Big Moves today.
- But sudden big Moves will chop you on both sides.
- Option writers should play the range.
- Nifty might Trade between 11480-11600.
- 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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