- US markets closed yet at record highs.
- Asian Markets are flat.
- Although U.S jobs data wasn't upto the Mark , Markets are keeping their Momentum alive.
- The trend is:
- Market opens with a gap up , some profit booking comes and it gets bought into and Ultimately Market closes higher.
- This is the Scenario from past few Months.
- Good Corporate results , Vaccination and Passing of Stimulus are key Positives.
- NIFTY has rallied from 13600 to 15150 in 6 trading sessions.
- Bank Nifty from 30000 to 36000 in the same period.
- Auto Stocks also started performing Yesterday.
- Maybe due to Opening of Tesla Electric Plant in India , these Petroleum and Diesel Automobile companies are under pressure.
- 15500 Straddle has the highest open interest in Monthly Options.
- Expecting Markets to Consolidate near 15500 which is also 400 Points away from current level.
- So we have an upside potential of another 400 Points on NIFTY from here.
- Bank Nifty 37500 Straddle has highest open interest.
- So this level seems to be a mean for Feb month.
- Nothing more to preamt.
- We are witnessing one of the Greatest Bull Market of all time.
- Just follow the trend.
- Buy dips , do not do anything fancy.
- Stay in the game and let Market reward you.
- Nifty might Trade between 15080-15320.
- 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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