- U.S Markets closed slightly higher yesterday.
- Asian Markets are mixed.
- SGX Nifty is up by 10,20 points.
- U.S Markets are into a long term consolidation.
- Our Markets are on the verge of making fresh highs.
- Mid cap index has already touched fresh all time highs.
- Due to some underperformance in heavy weight stocks the major indices might take some time.
- Today is the May expiry & it has been a very good month for the Bulls as on today.
- Nifty is away just a percent from all time highs whereas Bank Nifty is away 7-8%.
- As for value traders Bank Nifty has a good value on the upside from here.
- It's just a matter of time before the Bank Nifty catches up with Nifty.
- Reliance and HDFC Bank have been underperforming the Nifty.
- Once these 2 stocks turn around then the situation will change.
- It's a buy on dip Market.
- 15000 is a strong support and any dip can be used to sell 15000 PE June Expiry.
- FII's were net buyers whereas DII's were on the sell side.
- Monthly Expirys are highly Volatile so trade with caution today.
- Nifty might Trade between 15180-15420 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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