- US Markets closed Mixed.
- Right now , U.S Futures are up 0.5%
- SGX Nifty is Trading near 13870.
- Trump signs U.S Stimulus bill.
- Asian markets are positive.
- That is indicating fresh all time high for Nifty.
- Last Monday was the Technical Glitch day.
- Nifty fell 4%, Bank Nifty fell 5%, mid cap and small cap fell 6%.
- I've stated many times in past that Bull Market corrections last only for a day.
- We have recovered all the losses.
- Now we might Consolidate after this big gap up.
- Markets giving Intraday Correction almost daily & these are an Opportunity to enter.
- FII volumes dried up.
- Due to New Year & Christmas holidays.
- Bank Nifty also looks quite strong.
- With all front line bank stocks almost at their highs.
- FMCG & IT is the place to park funds right now.
- Look for stocks which haven't Participanted much in this rally.
- These will be more Value bets.
- Volumes will be very low as its holiday week.
- That also gives room to high Volatility.
- Nifty might Trade between 13740-13880.
- 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
Comments