- Asian markets are slightly positive.
- Dow Futures are trading lower.
- SGX Nifty is trading around 14800.
- On Friday , within few minutes of Market opening Nifty and Bank Nifty broke the Monthly low.
- Nifty made a low of 14350 but then bounced back 350+ Points by the end of the day.
- This was supported by big short covering later during the day.
- US markets showing divergence.
- Dow Futures down but Nasdaq is up.
- U.S Markets are in a Consolidation phase.
- Indian Markets too on a close to close basis is in a Consolidation.
- March Month is typically a Consolidation but with huge Volatility.
- Dow Future down but Nasdaq Future up.
- Covid cases increasing rapidly in India.
- Maharashtra seems to be the worst effected.
- Many states starting to put restrictions and having mini lockdowns.
- Market as of now isn't reacting to such news.
- FII's buying spree is on.
- On Friday , both FII's & DII's bought and were net buyers.
- FIIs have bought for Rs 7500 crores in last one week.
- We have only 4 trading sessions left for March Expiry and Expecting this to be very Volatile.
- But on a close to close basis I don't expect Nifty & Bank Nifty make big move.
- Nifty might Trade between 14620 to 14880 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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