- Joe Biden has won US Elections this Weekend.
- Trump has been Protesting but it doesn't matter.
- It has Officially been declared now.
- U.S Markets are Celebrating Joe Bidens Victory.
- Asian Markets are Trading higher.
- SGX Nifty hit an all time high of 12460.
- Today we are going to open near all time high.
- This has been a Fantastic rally from 7500 for Nifty.
- Market has hit all time high in no time.
- So the Question is what next?
- Will Nifty touch 15k?
- One thing I've Learned based from my Experience is all time highs work as Resistances.
- So now at open its better to exit longs and wait.
- HNI Investors and Long Term Investors would prefer to book profits at higher levels.
- I will be exiting my Swing longs and would be just observing markets today.
- It's definitely not the time for fresh buy.
- Delhi has been gripping with 2nd wave of Corona , GDP at all time low.
- So things are not upto the Mark even now.
- Bulls, time to Celebrate book profits and let Market say you what's coming next.
- Nifty might Trade between 12320-12480 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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