- US markets closed higher Yesterday.
- But After Market hours , it Witnessed a huge sell off.
- All major frontline stocks of Dow Jones like Twitter , Amazon etc are lower.
- It seems more of a relief rally that was witnessed Yesterday.
- Asian Markets are also Trading Positive.
- SGX Nifty is Trading around 11640.
- This Market keeps changing in the Blink of an eye.
- Reasons for such heavy Volatility are a lot.
- U.S Elections , Corona Virus 2nd wave , Stimulus delayed , European Countries are again resorting to nation wide lockdown.
- So the picture is highly Uncertain.
- Any type of rally or pull backs should be sold into heavily now.
- But US futures are lower now.
- India VIX is constantly raising.
- Which depicts heavy Volatility ahead.
- I don't expect markets to fall like it happened in the Month of March.
- I definitely expect a correction.
- 400-500 Points on Nifty.
- 1000-1200 Points on Bank Nifty seems on the cards now.
- Time in Uncertain , nobody can predict when will it happen.
- As Markets take their own time.
- October Month was highly Volatile.
- Expecting November to be much better than October.
- Nifty might Trade between 11540-11720 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
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