- US markets closed higher Yesterday.
- Asian Markets are all Trading mildly Positive.
- Stimulus talks are going on in U.S
- SGX Nifty is Trading around 11930.
- Yesterday another news that PM Modi is going to address the Nation.
- It was just related to Precautionary measures and nothing much.
- So that is a Non - Event for the Markets.
- Nifty is very close to 12000.
- This is a make or break level for Nifty.
- If we decisively cross this level then we can expect further Momentum and steam in the Markets.
- This will be the 2nd time where Nifty is trying to cross 12000.
- Yesterday Reliance came up with 5G news Announcement.
- This might trigger a Positive sentiment in Reliance.
- Reliance being the highest Weightage component in Nifty.
- If it gives a big move then it will definitely carry Nifty with itself.
- FII's have started buying.
- So every Possibility that Nifty may give a breakout above 12k.
- HUL came up with good results Yesterday so that might trigger a good rally in FMCG Stocks.
- Nifty might Trade between 11880-12060.
- 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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