- US markets closed a bit higher yesterday.
- Asian Markets are a bit lower.
- SGX Nifty is Trading near 14450 now.
- Yesterday due to ICICI Bank results Bank Nifty was up more than 700-800 Points.
- ICICI Bank has one of the highest weightage in Bank Nifty.
- Also there was a bit of short covering Yesterday in both the indices.
- U.S and Partner countries have agreed to help and provide assistance relating to Covid.
- This is a positive sign and will be taken in a good note by the Markets
- Tesla came out with good results Yesterday.
- Today Axis Bank will declare after Markets hours.
- The NPA Percentage and slippages will be iin focus.
- In the Short term 14200 is a good support and looks as we have made a short term bottom there.
- Yesterday the former Chairman of Maruti expired so Maruti was down.
- Maruti and Bajaj Finance are also set to declare results today.
- Markets will react and move based on results from here on.
- This is an Important results season.
- Corona Virus problems still continue.
- Positive aspect is we are becoming stronger and are finding more ways to combat the virus.
- Nifty might Trade between 14320 to 14620 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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