- US markets closed higher Yesterday.
- Second Consecutive day of record high closing for U.S Markets.
- Asian markets are struggling to maintain momentum.
- We have very good Global cues but the local cues seem to be creating an issue for the Markets.
- Yesterday as well , Nifty was unable to cross it's resistance of 15k.
- From last 2 Months as & when Nifty tries to cross 15k , selling pressure emerges.
- SGX Nifty is trading at 14920 now.
- Bank Nifty is the underperformer.
- Bank Nifty underperformance is effecting Nifty as well.
- Yesterday too in last 30 mins, Bank Nifty fell 500 points.
- On a close to close basis we closed exactly where we closed the previous expiry.
- The Volatility in between this was very high.
- Yesterday India VIX again closed below 20.
- Now India VIX below 20 indicates very low premiums for options.
- As and when India VIX has closed below 20 , in coming few days again the Volatility has increased.
- After a tremendous Bull run we are consolidating.
- 14200 to 15500 is the range.
- In between this 1300 points we have been highly volatile.
- Market is going nowhere but still acting as if something major could happen.
- I feel we might consolidate for some more time.
- Bank Nifty has to outperform for Markets to touch all time highs.
- Same way don't expect big correction from here.
- Every dip close to 14500 is a buying correction and rallies close to 15100 are selling Opportunities.
- Nifty Might Trade between 14760 to 15020 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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