- US markets closed a bit lower Yesterday.
- Right now U.S Futures are also a bit lower.
- SGX Nifty is Trading around 13400.
- Asian Markets are mostly Flat.
- Yesterday even when Asian Markets were lower along with Dow Futures we kept going higher.
- 100 Point Gain for Nifty in a day is a joke now.
- Almost everyday we are witnessing this Scenario.
- Yesterday's rally could be attributed to short covering.
- There are excessive shorts in the system and all are being trapped.
- FII's inflow not stopping.
- It seems like they understand the real Potential of India.
- Our Indian People are unable to do so because DII's they keep selling.
- I feel this is a time to be cautious on the upside.
- We have run up too quick too high.
- There has not been any significant Correction since November.
- If it comes it will be quick & big.
- 13500 CE has the highest open interest in weekly options so this is a resistance.
- On the lower side 13000 was the support as it had highest open interest.
- But now option writers have shifted to 13200 PE.
- So we might consolidate In this range.
- As the Vaccine news gets more stronger Pharma stocks keep flying.
- Pharma & IT are the places where you should focus as a trader.
- Nifty might Trade between 13240-13460 today.
- stockmarketadvisory.in
- Question of the day
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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