- US markets closed Flat Yesterday.
- Asian markets are trading with negative bias.
- Chinese Markets are closed for a week.
- SGX Nifty is In Flat Terrain.
- Markets all over the world are consolidating at higher levels.
- Indian Markets are also the same.
- An Agreement has been signed at Indo - China Border to control the Military forces.
- This will trigger a Postive sentiment over the Globe.
- Reliance Witnessed a good short covering rally Yesterday.
- If Reliance continues its momentum then downside for Nifty is almost NIL.
- India VIX cooled off a bit Yesterday.
- Over the Budget India VIX kept increasing.
- Yesterday's fall in India VIX indicating the fear is reducing at higher levels.
- Also Markets have been Consolidating so this is also contributing for a fall in India VIX.
- Consolidation is also a Positive sign for the Bulls.
- ITC has come up with decent results Yesterday.
- FMCG division in many areas witnessed double digit growth.
- It would be interesting to see how the stock reacts today.
- Expecting this week to be a Consolidation week.
- Don't expect Markets to make a big move.
- 15000 to 15400 is the primary range.
- Will look for Adjustments if this range doesn't hold on.
- Nifty might Trade between 15080-15260 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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