- US markets closed a percent lower Yesterday.
- This was a Normal profit booking considering such heavy rally in November series.
- Pfizer announced that their Vaccine is 95% effective, earlier they said it is 90%.
- Pfizer and Moderna are competing so hard like Messi & Ronaldo in Football.
- Pfizer has claimed that they accuracy more than that of which Moderna was Claiming.
- Asian Market's are all witnessing profit booking.
- SGX Nifty is Down 100 Points and Trading near 12870.
- Today is weekly expiry so things might become Volatile.
- 12800 is a short term support on Nifty.
- If that gets violated then sell off will accentuate.
- Expecting today's Expiry to be sideways / choppy.
- Market will give you a feeling that it will break resistance but it won't.
- You will feel support will get taken out but it won't sustain.
- Expecting this to be the way ahead for today.
- India has not tested even 10% of the Population and has around 90L cases.
- Situation might worsen if Vaccine is delayed.
- In Bull Market every bad news gets ignored & that's what is happening now.
- Nifty might Trade between 12800-12960 today.
- Banks might continue outperform for November series.
- 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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