- US markets closed higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is up by 50-60 Points.
- Today is the weekly Expiry so we may have a trending day today.
- Once Nifty crosses 11800 and Sustains above it previous high then we may witness more rally towards the end of the day.
- As conveyed Yesterday , view remains to buy on dips.
- This remains the Strategy as long as we are in uptrend.
- IT stocks are in a league of their own.
- Outperforming continuously from past 2 Months since results declaration.
- Nifty is about to complete a 1000 Points rally today from the last Monthky expiry dip.
- Bank Nifty is still Underperforming but catch up play Possible.
- The idea remains to follow the Trend , stick to it rather than Presuming too much.
- Reliance is also likely to Outperforming once it raises more Investments.
- Everything is looking fairly bullish now.
- This expiry would continue to be the same
- Usually on the expiry day the Trend continues.
- IT stocks are a buy even now.
- As these Businesses will continue to be work from home so getting high Valuations.
- Nifty might Trade between 11720-11880 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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