- US markets closed Flat yesterday.
- Asian markets are sort of mixed.
- Dow Futures are flat today Morning.
- SGX Nifty is Trading around 13170 now.
- Yesterday Markets were Volatile but where within a range.
- Nifty hit a low of 13k after 1 pm but Managed to recover by EOD.
- This Volatility is likely to continue going ahead.
- Burger King IPO has opened Yesterday and here are my Views about it.
- Positives:
- Strong brand with a Strong International Presence.
- Revenue & Growth Visibility in coming years and our Generation is shifting to fast food and Junk Food.
- Food Sector never goes out of Market , Demand Is always available.
- Negatives :
- Loss Making Company even though EBIDTA is Positive.
- A bit Expensive Valuations but all the companies in this sector trade at expensive Valuations only.
- Verdict : Must Subscribe for Long Term
- Those who are looking for listing gains can also Subscribe for the same as I do not think it should list below issue price.
- I believe as an Investor you should look at Future prospects and not at current prospects. Future prospects look bright for this Company.
- In worst Scenario it will not list below 6-8% of issue price and in stock Market you have to take this risk.
- FII's bought more than 360 crores Yesterday too.
- FII's na raaj ma , Market Maja ma. ( markets rallying as long as FII buying)
- DII's continue to book profits at higher levels.
- Expecting a Rangebound trade today.
- 13000 PE on the downside has highest open interest and 13200 CE on the upside has the highest open Interest.
- So most likely we should be trading within this Range.
- Nifty might Trade between 13000 to 13220 today.
- stockmarketadvisory.in
- Today's Question of the day was my View on Burger King IPO itself.
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