- U.S Markets fell 3% Yesterday.
- Asian Markets are mostly trading Negative.
- SGX Nifty is Trading near 11280.
- Nasdaq has fallen more than 11% in last 3 Trading sessions.
- Nasdaq is Technology companies index in U.S
- Technology stocks are getting beaten up abroad.
- Tesla which became 5X since March is Underperforming.
- Let's come to our Markets now.
- India China border issues going on & Yesterday indian Border forces have issued some official Statement.
- Corona Virus Cases are continuing to peak up.
- Government is slowly opening up the Economy now.
- GDP Growth rate was -24% (Negative)
- Media won't show you this , later on when GDP comes in Positive Govt will come and take credit.
- The point is it is so low now & with Opening up of economy , the Growth rate is bound to increase.
- Banking stocks case is going on in Supreme court for interest waiver.
- This is keeping Bank Nifty under pressure.
- Bank NIFTY rallied in August End but now has given up most of the gains.
- Yesterday too markets were Trading in 80% of Trading session but last hour they fell apart.
- This Market is looking very weak & a correction seems overdue now.
- I will not buy in this Market.
- I will just look at rallies to sell more.
- Important is to follow the Trend to make big money.
- Nifty might Trade between 11180-11350.
- 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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