- US markets closed lower Yesterday.
- Right now U.S Futures are trading slightly lower too.
- Asian markets are Flat.
- SGX Nifty is trading near 14800.
- Wednesdays are one of the most Volatile days for the week.
- Today I expect Markets to be Volatile.
- Yesterday the Supreme Court Verdict was announced and it was on Expected lines.
- Verdict can be considered to be as Positive for the Banks.
- Crude is down more than 15% in a week.
- As India is the highest Importer of Crude , it's a positive news for us.
- On the other side there are some negative news too.
- Due to Covid cases increasing , many states and Cities are again resorting to lockdown.
- As proved by Health Experts , the second wave of Corona Virus is deadly dangerous.
- Vaccination has arrived but has been going on in a slow pace.
- Also there is fear among many owing to Vaccination.
- Bank Nifty has been Underperforming Significantly.
- This is Dragging Nifty lower as well.
- Expecting the Markets to expire between 14500 to 15000 for this Expiry.
- If by chance any big move happens & we break above levels , we may see a trending move of 100-200 Points on one side.
- Nifty might Trade between 14640-14920 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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