- US markets closed higher Yesterday.
- Asian Markets have also recovered their losses.
- Dow , S&P 500 and Nasdaq all closed higher.
- Right now U.S futures are also slightly higher.
- SGX Nifty is trading around 14850.
- SGX Indicating a significant gap up today.
- Yesterday we witnessed weakness ahead of expiry.
- Weakness was majorly due to HDFC twins.
- Both HDFC Ltd & HDFC Bank underperformed significantly.
- Due to these 2 stocks Nifty fell 100 points.
- HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
- This triggered big sell off in these stocks.
- Yesterday FII's were net sellers but DII's were net buyers.
- Going ahead I feel that Market is going nowhere.
- After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
- Now Markets are Consolidating.
- Remember , Consolidation always happens with Volatility.
- On a daily basis Nifty and Bank Nifty are making more than a percent moves.
- Today I expect Markets to be Volatile between 14650 & 14950.
- Do not expect any significant one sided moves today.
- Markets on a close to close basis will be more or less flat.
- Nifty might Trade between 14740-14980 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
Comments