- On Friday , U.S Markets hit fresh highs.
- SGX Nifty on Friday closing was near 13330.
- Currently , U.S Futures are slightly down.
- Asian Markets are witnessing severe profit booking.
- Hang Seng , China , Kospi, Nikkei witnessing big profit booking.
- This is why SGX Nifty is currently trading at 13250 , near about friday market closing level.
- Bank Nifty & Nifty on Friday broke out in last half hour.
- Today if we get support from Global Markets and if Asian Markets start to recover then we might witness big rally today.
- FII's on Friday too were net buyers.
- DII's keep selling.
- 13000 is a strong support for Swing traders on Nifty.
- Bank Nifty support comes near 29500.
- Market is giving Intraday fall almost on a daily basis.
- These are the times to buy into the Correction.
- This is a buy on dip Market.
- Trend is so strong onto the up side.
- We will keep slowly inching higher.
- The pace will reduce but trend is intact.
- Nifty might Trade between 12200-12380 today.
- stockmarketadvisory.in
- Question of the day by Mr.Sunny.
- What is Oversubscription in an IPO?
- IPO is termed as Initial Public offeree.
- When a Company wants to raise funds from Market they come up with an IPO. People give money to the company and company in return gives shares to them.
- These people then become Shareholders of the Company.
- Company decides to raise a Particular amount from the Amount say for Example - 1000 crores.
- But People who are Interested to buy the shares are more than what the company needs.
- People apply shares for 50,000 crores.
- This is 50 times Oversubscription as demand is higher than Supply.
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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