- US markets were closed yesterday.
- Asian Markets are also Trading higher Currently.
- SGX Nifty as on Yesterday closing was near 14300.
- Now it's showing a 100 Point gap up closer to 14390.
- Our Markets from last few days have been highly Volatile.
- India VIX had gone up above 25.
- Option premiums are very high.
- Ex Fed Chair Janet Yellen, who is going to be the future Treasury Secretary, called for aggressive Stimulus.
- That statement has made U.S and European futures rise.
- Which also made SGX Nifty to rise.
- All Largecap companies have declared very good Results.
- Pandemic was a speed breaker in the business but Largecaps have come out quite well.
- Infosys , TCS & HDFC Bank have declared very good Results.
- Reliance Industries , another Largecap has announced that it's going to declare results this Friday.
- Expecting another Blockbuster set of numbers from Reliance.
- Bull Markets often witness such quick Corrections when nobody expects.
- Due to these reasons Bull Markets become quite difficult to trade into.
- Corrections like these take in more shorts into the system which in turn help markets to go higher in future.
- Primary trend is Bullish and we are in a Bull Market.
- Nifty might Trade between 14260 to 14480 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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