- US markets closed Lower Yesterday.
- A Normal profit booking after a Fantastic rally.
- Markets are Consolidating now.
- Asian Markets are all Trading lower.
- SGX Nifty is Trading near 11870.
- Down by about 50 points.
- 12000 as acting as a stiff resistance now.
- At least for a short term.
- Once this breaks then look to initiate longs.
- Until then look to build Positions towards down side.
- Wipro declared results today.
- But they were not as per Street Expectations.
- Stock has already Rallied and doubled in last 2 Months.
- Expecting some profit booking here.
- IT stocks have entered into profit booking mode.
- Corona Vaccine is not going to come at least for next 3-4 Months.
- Many Research Agencies have paused Trials after getting Negative Results.
- FII's have been buying continuously for last 10 days now.
- Whereas DII's are booking profits.
- Expecting a few weeks on Consolidation in the Markets.
- We have run up too fast.
- Nifty might Trade between 11780-11960 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
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