- US markets closed higher.
- Dow Future's down 100 Points now.
- At highest point, Dow was up 1500 points at one point.
- SGX Nifty touched 12780.
- But now they have cooled off.
- This is a post Elections rally.
- Joe Biden winning favours U.S market due to which we witness such sharp rallies.
- Expecting some Consolidation now in the Markets.
- SGX Nifty is up 200 Points now.
- How long will this rally sustain?
- Can we touch to higher highs?
- Time will say.
- But i expect a Consolidation now for few weeks.
- Nifty is up 1000 Points in 6-7 trading sessions.
- This is a stellar rally.
- Trend is still up.
- But im not a buyer now.
- I won't chase these gap ups.
- Market is opening with Big gap ups now a days and consolidating for the rest of the day.
- This is happening from almost 2 Months now.
- Intraday traders are not getting another serious.
- Those who have the guts to carry overnight trades are making money if they are on the right side of the game.
- Call writers are getting trapped with such stellar unexpected rally.
- FII's continue to buy in big nukbers.
- Nifty might Trade between 12620-12800 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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