- US Futures are slightly Positive.
- Asian markets are Negative.
- SGX Nifty is down more than 200 points.
- By 7.45 it was down 80 Points but now SGX is down more than 200 points.
- BJP's defeat in Bengal , Corona Virus cases rising heavily and FII's selling are the reasons for such a big gap down in SGX.
- Last week , Nifty rallied from 14150 to 15050 in 4 days.
- Next 2 days we are now near 14500.
- This is some kind of insane Volatility.
- The spikes are okay but the Volatility is too high.
- Friday, FIIs have sold for more than ₹3500 crores.
- Many States have been resorting to fresh lockdowns.
- So the picture doesn't seem good.
- Only Positive news is GST Collections.
- In spite of issues faced in Economy , Lockdown and Corona Virus GST collections touched another record high of 1.4L crores.
- Reliance has announced its results over the weekend and it's in line with the Expectations.
- Today Kotak Bank is likely to come up with its results.
- Auto Sales numbers were not upto the mark and were weak due to the lockdowns at various status.
- Though Maharashtra is showing improvement at Corona front many other states are taking the heat.
- Analysing / Predicting the trend is very difficult in this Environment but I feel Nifty should witness some recovery during Intraday.
- DII's might also support the Markets at lower levels.
- 14200 PE has the highest open interest and 14800 CE has the highest open interest on the higher side.
- We might expect a support at lower levels.
- Nifty might Trade between 14380 to 14620 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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