- US markets closed mildly lower Yesterday.
- Asian Markets are mostly negative.
- SGX Nifty is flat.
- Yesterday we had a highly Volatile day but on a close to close basis markets closed flat.
- Bank Nifty is very weak.
- Yesterday Bank Nifty closed in Negative whereas Nifty closed Positive.
- Banks are dragging Nifty.
- This week Bank Nifty is down by 4% whereas Nifty down by 2%.
- This clearly shows Bank Nifty is weak.
- One can even Inititate a pair Trade.
- One can Buy Nifty and sell Bank Nifty until tomorrow's expiry.
- FII's were net sellers Yesterday.
- Whereas DII's were net buyers.
- Today we have RBI monetory Policy.
- Nothing major is expected from the policy and the major expectation is status quo.
- This Policy won't have any sort of long term implications but In Intraday Bank Nifty is likely to be Volatile due to the same.
- On a close to close basis I don't think the policy is going to effect much.
- RBI Governers comment would be the key to watch out for.
- Overall I expect Nifty to expire between 14450 to 14850 tomorrow.
- Also Nifty is likely to trade between above 2 levels.
- Nifty might Trade between 14520 - 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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