- US markets closed Negative Yesterday.
- Asian Markets are Trading Flat.
- Right now, as Presidential Candidates heated debate is going on, US futures are Trading higher.
- From Past 2 Months markets have been all over the place but the mean was near 11200 on Nifty.
- Bank Nifty was one of the major Volatile Indice.
- Now Markets will be closely keeping an eye on U.S Presidential Elections.
- This is likely to be the next biggest event for the Markets.
- FII's have sold more than 1000 crores Yesterday.
- DII's supported the Markets in October expiry beginning.
- But FII's now have been selling relentlessly.
- One has to be cautious now on the long side.
- Liquidity seems to be curbing in the Primary market due to many IPO's being launched.
- IPO's have been oversubscribing more than 50X each on average so majority funds are blocked there.
- India VIX is slowly inching higher.
- I will look to build short Positions near 11300-11350 on Nifty (Positional)
- Possibilities that Reliance may hold Nifty today.
- As they have some more Investments from General Atlantic.
- Just as I type Dow Futures down 1% after the Presidential debate after they were in Green.
- So get ready for a high Volatile session today.
- Nifty might Trade between 11120-11340 today.
- stockmarketsadvisory.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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