- US markets closed Positive on Friday.
- Asian Markets are Trading Positive.
- SGX Nifty now near 11800.
- Stimulus talks have been set aside now by the U.S Govt.
- Trump seems to be waiting for the right time to announce the Stimulus.
- Just as Narendra Modi did surgical strike just before elections and made majority in his Favour.
- Trump seems to be making stimulus as his weapon for Elections.
- There will be heavy Volatility going forward.
- Many factors will contribute to the Volatility.
- Firstly the U.S Elections.
- Secondly Corona Virus second wave.
- Next the Corporate Results season has just begun.
- HDFC Bank is coming out with its results today.
- This will decide the Trajectory of Bank Nifty today.
- Bank Nifty has about 25% weightage in Nifty.
- So all together all factors seem that it's going to be another Volatile trading session today.
- After the results of all the IT stocks , all have witnessed severe profit booking as all the IT stocks have almost doubled in last 3 Months.
- Financial Stocks were a laggard in this rally.
- So if HDFC bank comes up with good results we can expect a big move on that front.
- Primary trend is Upwards.
- Intraday Volatility and dips will be there.
- It's a buy on dips market as of now.
- Nifty might trade between 11720-11880
- 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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