- US markets closed more than a percent higher Yesterday.
- Asian markets are all in Green .
- SGX Nifty at weekly high & Trading near 11750.
- Dow Futures are now Positive.
- Yesterday Bank Nifty was up more than 1000 Points.
- This rally was without any news etc.
- There were sub par results from ICICI Bank etc which might have led to big Short covering.
- Pre election volatility in U.S Markets is being witnessed.
- FII's have started buying after being net sellers for quite a long time.
- DII's have turned sellers.
- The big day is here now.
- U.S Elections the most important event on which the whole world keeps looking at.
- Trump might be slightly Disadvantageous due to risking lives to many Americans in this Pandemic.
- Corona Virus was not seriously handled by his Administration.
- It looks like Market favours Joe Biden to win the Election.
- Markets are Anti Trump.
- However Election moves are very Difficult to predict.
- Outcome is much Difficult to predict.
- Indian Markets are rangebound and in a Consolidation phase.
- Use these type of gap Ups to sell into with Stoploss.
- Nifty might Trade between 11640-11800.
- 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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