- U.S Markets closed more than a percent higher Yesterday.
- Asian Market's are mostly higher.
- SGX Nifty is trading above 15300.
- Yesterday we had a Consolidation day after a big rally on Friday.
- Bank Nifty is outperforming Nifty.
- SBI in Particular has been outperforming after declaring excellent results.
- SBI results have boost the sentiment in Banking Stocks.
- I mentioned yesterday, we might hit fresh all time highs this week itself.
- There are huge short Positions still in the Market and these people will have to square off their shorts by the end of expiry.
- This will propell the Markets even higher.
- Bank Nifty has the highest shorting in the system.
- That's one of the reason of outperformance in Bank Nifty.
- FII's were net buyers Yesterday while DII's were sellers.
- Perhaps due to DII's selling market corrected slightly in last 30 mins Yesterday.
- U.S markets were in Consolidation due to inflation fears and Bitcoin crash.
- Yesterday Bitcoin was up 10% and Inflation fears also have been timid.
- This has again resumed the Uptrend in Global Markets.
- Do not try to "SHORT" this Market now.
- Just wait for dips and try to add onto longs.
- Yesterday as well Nifty gave an opportunity near Support of 15150 to enter.
- Today as well there will be an Intraday dip.
- Use this dip on your favour.
- I've sold 15000 PE , 15100 PE , 15050 PE , 14950 PE this week expiry.
- Have sold Bank Nifty 33000 PE , 34000 PE for next week as this week premiums are already low for Bank Nifty.
- Nifty might Trade between 15220-15380 today.
- Today if Nifty opens above 15300 then we will be just a percent away from all time highs.
- 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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