- US markets closed more than a percent lower Yesterday.
- Asian Markets are Flat.
- SGX Nifty is Trading Near Yesterday closing near 11850.
- The reason why SGX Nifty is flat despite a big fall in U.S Markets is Because Dow Futures are up by half a percent now.
- U.S Markets dont like Uncertainty , any market doesn't like Uncertainty.
- Due to Stimulus talks being halted theres a lot of Uncertainty going around.
- This is causing profit booking in Emerging Markets.
- HDFC Bank came out with its results Yesterday.
- But the stock reacted mutedly on its Numbers.
- All other private banks were up 4-5% Yesterday.
- HDFC Bank was up about just a percent.
- So Expecting Markets to Consolidate now.
- Next 3 days we may expect Consolidation between 11700 to 12000.
- If any of these levels gets taken out then there will be a big rally towards that side.
- Until then one should play for this range.
- The Trend is intact and strong.
- There May be hiccups in between but the Trend will continue to follow.
- Another thing which I've been observing from many days is VIX is slowly inching higher.
- VIX isnt falling and inching higher with each passing day.
- This shows that Volatility is going to rise in coming weeks and there might be big swings.
- Take those to your Advantage.
- Nifty might Trade between 11740-11920.
- 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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