- US markets closed higher yesterday.
- Asian markets are all over the place.
- SGX Nifty is trading near 14200.
- Last couple of days , Markets have been witnessing steep Correction in first half.
- Inviting short sellers and then trapping all bears.
- Closing higher every single day.
- Currently , Elections are going on in Georgia.
- For two Senate seats, counting is in action.
- Democrates are ahead in this race
- That may take some time.
- On Friday, they will open postal ballots.
- Boris Johnson cancelled his trip to India amid new Corona virus cases.
- Yesterday the star of the show was Axis Bank.
- It went up 6% and carried Bank Nifty with it.
- President Trump is yet to concede the defeat, even after more than 2 months of US Elections.
- Coming back to our markets, day before yesterday, all sectors did well, except Banks.
- Yesterday Banks out performed.
- Bank Nifty recovered 800 points from intraday low to high.
- Reliance, as usual, under performed and is in Consolidation phase.
- Bajaj Twins are under performing for last few sessions.
- Bajaj Finance fell about Rs 300 from recent high.
- FII's were net buyers and DII's net sellers.
- Both have reduced their Volumes currently.
- Pharma companies have started to get U.S FDA warning letters.
- So these stocks will be in focus today.
- Nifty might Trade between 13130-13320 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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