- US markets closed slightly higher. MOSTLY FLAT ONLY.
- Asian Markets are all Flat.
- SGX Nifty is also Flat.
- Nifty has been Trading Violently between 11650 to 12000.
- We were not able to break and Sustain above 12k.
- U.S are playing with Stimulus now.
- There is no confirmed news just Rumours floating around.
- Meanwhile theres also a news floating around of 2nd stimulus from Indian Govt.
- Remember , last time market Crashed when Govt Announced Stimulus.
- Hope they don't come up with something similar or we may witness another crash.
- So lots of news coming up without confirmation.
- DII's have been selling Aggressively now.
- FII's have been buying but DII's selling figure is over powering the FII buying.
- Seeing all this we can expect Consolidation only.
- We need some trigger to cross 12k decisively.
- Right now I do not see any sector having leadership to make Nifty cross 12k.
- So Trade within this range.
- Range is 11650 to 12000.
- So buy near lower end of the range , sell near upper end of the Range.
- Nifty Might Trade between 11780-11980.
- 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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