- U.S Markets closed lower on Friday.
- Today U.S Markets are closed.
- Asian Markets are trading lower.
- SGX Nifty is down 70 Points.
- On Friday our Markets have crossed all time highs and unlike before we have sustained at those levels.
- This shows strength in our Markets.
- Another major development was India VIX fell by 10% on Friday as soon as Market opened.
- This shows that the fear is going down.
- India VIX now is Trading below 18.
- So the option premiums are low and markets might not make big moves either side.
- RBI has levied ₹10 crore penalty on HDFC Bank.
- Although this amount is not big for a Bank having a size of 8 lakh Crores.
- In short term this might be some negative sentiment.
- This is still a buy on dip Market and we might Consolidate for some time now.
- While Nifty has crossed all time highs Bank Nifty is still 2500 Points away from its highs.
- Bank Nifty might underperform for 1-2 days but when it turns around it goes big.
- So keep accumulating dips as big move might be round the corner.
- On Friday Nifty was up 100 Points out of which Reliance led Nifty higher by 90 points.
- Reliance was up 6% on Friday.
- If Reliance wouldn't have been there we might have closed flat.
- Also from tomorrow Intraday leverages are coming down so it might effect Volumes.
- Im planning to watch how does this impact the Market and then trade.
- 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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