- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation phase.
- Consolidation is the need of the hour for Bulls.
- Consolidations and Corrections in Bull Markets bring more Strength and Pace to the Markets.
- Asian markets are mostly down.
- SGX Nifty is up 40 points.
- 15260 seems to a strong resistance for our Markets now.
- We have been failing to break through the range.
- We have broke out of the range and went higher than 15260 level but failed to sustain.
- 15300 Straddle has the highest open interest.
- So expiry can be expected near this level unless another big move / spike appears.
- HDFC Twins were weak Yesterday.
- They contributed more to the downside.
- On the other hand , PSU Bank index rallied 6% Yesterday.
- PSU Banks kept the Bank Nifty breadth intact.
- The reason is that there were some restrictions announced by RBI for Housing Finance Companies.
- Currently it seems like all the sectors and stocks have been peaked out.
- Market needs fresh news or Trigger to continue Momentum.
- Nifty might Trade between 15120-15340 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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