- US markets closed Positive on Friday.
- Asian Markets are also Positive.
- SGX Nifty just above 12k.
- More than 1000 Point rally in last 2 weeks.
- Bank Nifty still not even near it's previous highs.
- October series has been just One way rally for the Bulls.
- Now 12k is also achieved.
- Broader Market still not upto the Mark as the Nifty.
- Few sectors and Stocks contributing this rally.
- Financial sector is still a laggard.
- Results season begins again.
- WIPRO is coming up with it's results today.
- 12k should act as a Resistance level at least for some time.
- If we get a closing above 12k today then next target is 12200.
- So today's closing is very very important as far as im concerned.
- U.S Stimulus also is a major event.
- If that gets clearance then all time high won't be far.
- We are around 4.5% away from all time highs now.
- A word of caution also not to be overly Optimistic.
- Go long with proper Stoploss and not just Blindly.
- Because this Market cab turn on its head.
- Next 3 weeks are going to be highly Volatile as many events lined up.
- Nifty might Trade between 11900-12060.
- 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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