- U.S Markets closed mixed Yesterday.
- Dow Futures were Positive yesterday when indian Markets were opened.
- But on the close to close basis it closed where it was when our Markets opened.
- Yesterday markets closed at the high due to short covering in Pvt Sector Banks.
- FM announced tat PSU companies can keep accounts with Pvt Sector Banks.
- Earlier PSU Companies were asked to keep accounts only with PSU Banks.
- This led to short covering rally in Pvt Sector Banks.
- Pvt sector banks and NBFC Companies led the rally Yesterday.
- Yesterday due to Technical Glitch many People lost huge.
- Also there was all kinds of confusion & problems regarding trading Position / square off etc.
- There was no proper communication from NSE.
- Along with Indian markets, entire world markets recovered.
- US makets closed higher.
- Asian markets are higher.
- SGX Nifty is trading around 15045.
- SGX indicating opening above 15k today.
- This last week of Feb has been highly Volatile.
- Markets are all over the place.
- Today too Volatility is likely to continue.
- Expecting to be a Bullish day today with short covering in 2nd half.
- Downside is limited to 14900.
- Expecting expiry between 15140 & 14900.
- Nifty might Trade between 14900 -15140 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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