- US markets closed higher.
- Dow futures were Negative Yesterday after the debate.
- Asian Markets are higher
- But overnight everything changed and now they are higher.
- SGX Nifty is more than 100 Points gap up.
- Today is expiry and tomorrow markets are closed , so this is going to be a long weekend.
- Yesterday my advice was to sell near 11300-11350 and that worked for the day.
- Now this Gap up is also a good Opportunity to sell into.
- Bank Nifty not looking much stronger.
- Nifty is more bullish than Bank Nifty.
- But after this big gap up buying doesn't match risk to return.
- FIIs continue to sell heavily
- Whereas DII's are pumping in cash and Supporting our Markets.
- Yesterday they have sold for more than 700 crores.
- Bank Nifty is likely to be much more Volatile today.
- Option sellers should avoid Trading Bank Nifty today as Stoploss of both directions might get hit
- Stoploss for short trade on Nifty could be near 11420
- Nifty might Trade between 11260-11440.
- 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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