- On Friday, US jobs data came much lower than expected.
- Inspite of this Negative news U.S Markets were higher on Friday.
- That's because Govt would bring in more Stimulus and not increase the interest rates in near future.
- SGX Nifty is Currently trading near 14990.
- Asian Market's have opened in flat zone as of now.
- In the past whenever we crossed 15k we witnessed selling pressure
- Selling was very severe.
- We have been trading in the range of 14200 to 15000.
- Now we might expand upto 15200 on Nifty.
- One should apply caution when Nifty is above 15k.
- Considering the Block deals etc FII's have turned net buyers in the Market.
- We are in a ranging Market so the best way to approach the same is to trade based on the range.
- Big trending moves are less likely to happen.
- Nifty is 3% away from record highs whereas Bank Nifty is 10% away from record highs.
- Bank Nifty might witness some catch up rally here.
- Metals are shining from last 2 Months.
- All the Metal Stocks have doubled and the rally will continue for some time now.
- Iron Ore Futures is up 10% in Pre open.
- This will keep the rally going.
- Right now we are following global Markets and Indian Market's as they are not as developed to U.S Economy always Underperforms in the long run.
- On the Contrary when U.S Markets fall we fall at much faster pace.
- Do not Pre -empt a breakout etc unless you get a clear signal of the same.
- Trade the range and use Mean Reversion view.
- Nifty might Trade between 14860 to 15060 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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