- US markets closed Flat on Friday.
- Today Asian markets are also Flat.
- Markets are in a Consolidation zone.
- They are waiting for some big Announcements like Stimulus , Elections , Corporate Results etc.
- SGX Nifty is also Flat.
- There are many Negative news floating around.
- RBI Governer Shaktikanta Das has been tested positive for Corona Virus.
- U.S Government stimulus deal has not happened.
- Corona Virus patients increasing in U.S , Emergency being declared in Spain as Second Wave starts to intensify.
- There is also News floating around that Kotak Bank is looking to acquire IndusInd Bank.
- This seems more of a rumour now.
- Kotak Bank should come up with a official confirmation soon.
- India might also witness second wave of Corona Virus by November End.
- Remember, Second Wave of Corona Virus is doubly Deadlier than First Wave.
- This week is very Important for the Markets.
- As majority of the Nifty companies are coming up with it's results.
- We will continue to trade in the range 11780-12000.
- If any of these levels breaks and we get closing above that , then we might witness follow through.
- So we are likely to trade on a sideways zone for a couple of sessions.
- Monthly expiry Market Generally gives a big move.
- One needs to wait for that and not get trapped while markets Consolidate.
- Nifty might Trade between 11780-12020 today.
- 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
Comments