- 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 lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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