- US markets closed Flat Yesterday.
- Asian markets are slightly Positive after opening negative.
- SGX Nifty now up 20-30 points.
- Last 2 days we had a fantastic rally in the Markets.
- Nifty up 300 points and Bank Nifty by 1500 points.
- Bank Nifty after underperforming for all this time in April has started to outperform in the last week now.
- This has come on the back up of good results from banking companies.
- Axis Bank also declared results yesterday and the numbers look good.
- Today this might create another positive sentiment in Bank Nifty.
- Overall the results season started with a positive note hence the markets are higher.
- Markets are ignoring the Corona Virus news because the Market believes this would be tackled quickly and we will be back to normalcy.
- The price action suggests this.
- FII's have turned sellers for last 2 weeks now whereas DII's and retail continue to pump in the money.
- Sentiment looks bullish in the Markets now.
- Bajaj Finance also came up with decent results after market hours yesterday.
- Tesla Yesterday in U.S Market came with fantastic results.
- All front line companies in U.S have declares good results hence U.S Markets are higher.
- This in turn is triggering positive sentiment in our Markets.
- A big Open Interest has added at 14500 PE &14800 CE Yesterday.
- Expecting this expiry to be between this range.
- If we break 14800 on the higher side then next resistance is 14900.
- Wednesday generally the Markets are very volatile as option writers take fresh postions to make some money before expiry.
- Nifty might Trade between 14560 to 14780 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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