- US markets closed more than a Percent lower Yesterday.
- Trump has halted the second Stimulus.
- He Announced that Stimulus will be given a consideration after November Elections.
- But Asian Markets are mostly Postive.
- SGX Nifty is around 11700.
- Trump halted Stimulus talks.
- There has been a one way rally for Nifty from 10800 to 11700 is less than 10 trading sessions.
- 11800 was the recent high made by us if this gets broken then 12000 is the target.
- But I think it would take some time and wont happen Instantly.
- In this low Liquidity and Volatile Market delivery option selling is quite risky.
- Better to close Positions Intraday.
- The view remains strong buy on dip on both indices.
- Specially for Bank Nifty as it has been Underperforming from quite a long time.
- Also be prepared to handle Volatility.
- Shorters can explore short trade near 11800 on Nifty as that would be a huge resistance.
- FII's have turned net buyers.
- When they turn into buying mode after continue selling then such magic happens.
- IT sector looks on phenomenal Bull run.
- This is to be entered on Every dip and Consolidation.
- Yesterday markets shot up in last hour and broke resistance of 11600 which is a sign of strength.
- Nifty might Trade between 11640-11820 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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