- U.S Markets closed lower yesterday.
- But U.S futures are mildly positive now.
- Asian Markets are currently lower.
- SGX Nifty is trading near 14480.
- IT Stocks were the Outperformed Yesterday.
- IT index was up 3%
- Infosys and Wipro up 5% each.
- Every dip is a buying Opportunity.
- You are almost witnessing a dip everyday on Intraday Basis.
- That dip is getting bought into towards the end of the day.
- Reliance has spent almost 2 Months is Isolation (Consolidation) now.
- It started the Bull Market but now it's gone into Consolidation.
- Reliance Consolidation can last longer than expected.
- Between 2006 to 2016 Reliance has given Zero returns.
- From 2016 to now it's 7-8X excluding Dividend.
- This is the nature of Stock Market.
- On an Intraday basis wait for dip near Yesterday low
- Around 14400 could be a good place to accumulate longs if you get a dip.
- Slowly start Building positions and do not go all in at first.
- Nifty might Trade between 14380-14560 today.
- 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
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