- US markets Opened on a Negative note Yesterday but closed higher.
- Asian markets are mostly Trading higher.
- SGX Nifty is almost flat / Positive.
- Yesterday FII's were net sellers and they sold heavily in Pvt Sector Banks.
- Bank Nifty Underperformed Significantly yesterday.
- Due to Bank Nifty Underperformance , Nifty also was dragged.
- Supreme Court ruling on loan moratorium case is due to today.
- This is the reason why Bank Nifty under performed yesterday.
- Due to Uncertainty because of Ruling , FII's must have booked some profit.
- I expect the Verdict to be a Non event today and it might be postponed further.
- How will the Markets react to the same will be Interesting to see.
- 15000 CE added highest open interest yesterday.
- So this can act as a stiff resistance for this expiry.
- March series was highly Volatile and generally in the last week Market makes a big move.
- Expecting a big move in these 3 trading sessions.
- But for that to happen Nifty should either cross 15k or break 14500.
- As long as Nifty trades within this band this is going to be a ranging sort of Market.
- VIX declined significantly yesterday and closed below 20.
- Yesterday Markets were not much Volatile but today things might change due to SC Verdict.
- U.S VIX was down 10% Yesterday.
- Nifty might Trade between 14680-1492 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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