- US markets closed almost flat.
- It was a Consolidation day for U.S Markets Yesterday.
- S&P 500 was up but DOW and Nasdaq was down.
- Asian Markets are all Trading higher.
- SGX Nifty is now near 14400.
- Yesterday was one of the worst falls in the history of Stock Market.
- A 2000 Point Blood bath in Bank Nifty and 500 Point Blood bath in Nifty.
- Yesterday I mentioned that 14500 is a good support and if it breaks weakness will extend.
- Next support now is 14200 -14250 as this the previous Month low.
- If we break this level then 14000 will be witnessed.
- Markets didn't break 14250 Yesterday.
- Markets might again test that level in the first half and if it holds on we might rally in second half.
- If it breaks then Bloodbath will continue.
- Bank Nifty is the weakest index currently.
- For 2021 Bank Nifty has turned negative.
- This shows the extent of selling in Banking stocks.
- I will be Bullish for the Expiry only after Nifty crosses 14450 firmly.
- Until then I'd be bearish.
- TCS has declared very good results Yesterday with highest order wins.
- Infosys has announced buy back so it has a positive sentiment surrounding it.
- IT Stocks can hold the Markets today.
- Nifty might Trade between 14200 -14480 today.
- India VIX notched up 15% higher Yesterday.
- Premiums were highly attaractive Yesterday considering only 2 working days left for this week Expiry.
- I made use of the same and sold 14000 PE & 14650 CE.
- Will do adjustments if we break 14200 or Cross 14500.
- 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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