- US markets closed about 2% higher Yesterday.
- Asian markets are also Trading higher.
- SGX Nifty is almost flat.
- Markets have witnessed a fantastic rally in past few sessions.
- Now we are very close to all time highs.
- Nifty is just 2% away from all time highs whereas Bank Nifty around 20-22%.
- No matter whatever happening in U.S our Markets are rallying.
- It seems like we have decided not to go lower.
- Once there is a clarity and a possible announcement of Stimulus, we have every chance of hitting all time high in this series.
- Yesterday India VIX crashed about 9%.
- But US VIX crashed One thirds in last 2 trading sessions.
- India VIX below 30 is a good sign for option sellers.
- FIIs have started buying whereas DII's continue to sell.
- Biden has a big advantage over Trump now.
- Trump has approached the Court but it doesn't seem to be working yet.
- This is a buy on dip Market now.
- We have closed decisively above 12k.
- Every dip needs to be bought into.
- Nifty might Trade between 12040-12220.
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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