- US markets were closed yesterday.
- So nothing Major Macro Cues.
- Dow futures are Trading in Green now.
- Our Markets , in spite of many issues are consolidating.
- Consolidation is not a bad thing at this point of time.
- Infact it's considered Positive for the Bulls as of now.
- Yesterday Idea - Vodafone event was a non event.
- There was nothing Major except a name change.
- This is nothing to be considered as Strategic alliance.
- Bank Nifty is looking very weak.
- Any small Pullback in Bank Nifty is also getting sold into very Aggressively.
- FII's & DII's have also been selling very Aggressively.
- From last week their selling has been accentuated.
- The view as of now is Negative - Neutral.
- Traders should look to sell into any Pullbacks.
- Buying on dips should not work for now.
- Markets can remain Irrational for some time now but sooner or later they will come in line with economy.
- Nifty might Trade between 11200-11380 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
Comments