- US markets witnessed some Profit booking Yesterday.
- Fed Chairman Mr. Powell pointed out Yesterday that economy outlook in Uncertain.
- This is due to Corona Virus cases surging at its peak in U.S
- Vaccine news is not quite a big news.
- It has come to know that Vaccine requires Minus 70 Degrees temperature to be stored.
- Which is quite difficult in Indian Environment.
- Pfizer management also sold 2% stake after the Vaccine news.
- This gives a Negative hint to the Markets.
- One Strategy I'm applying is whenever there is Vaccine news & Markets are rallying.
- I'm selling the same.
- Vaccine with 100% tested results according to me isn't possible for at least 2 years from today.
- I've done a lot of research on this and it's strictly my view.
- Remember few months before, Moderna promoters also sold just after their announcement of Vaccine.
- So this news is just to make their respective share prices rise by making fool out of people.
- SGX Nifty is down by 80 Points.
- Markets are in a Consolidation phase and are likely to continue for this week expiry too.
- Yesterday also there was Consolidation but with high Volatility.
- Monday is holiday so we have 9 trading Sessions.
- Tomorrow we have muhurat trading session but it can be ignored as it's only for an hour.
- If any Big move has to come it will come in Monthly expiry week.
- This expiry week Markets are likely to consolidate in 200-300 Point range.
- I've started to book profits in my Long term Investment Portfolio in some companies.
- Will re enter at correction.
- Nifty might Trade between 12560-12740 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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