- US markets closed at fresh all time high Yesterday.
- Dow Futures are now mildly higher.
- SGX Nifty is trading around 14850.
- Markets have been fairly Rangebound for last Expiry.
- India VIX has also fallen.
- Options Premiums indicating a fairly ranging Market ahead with a positive bias.
- Yesterday U.S announced waiver of Intellectual property rights on Vaccines.
- This has come as a positive news and after many days of selling by FII's , Yesterday was their first significant buying day.
- Weekly jobless claims came better than expected and lowest post pandemic figure.
- This is a very important data reported by the U.S.
- Today HDFC twins are set to declare results.
- Market expecting good numbers from both these stocks.
- These both stocks will decide today's action in indices.
- Do not carry Positions over the Weekend without hedge.
- This week's expiry is a truncated expiry as we have only 4 working days as Thursday being a holiday.
- So options premium are low already.
- Fed made a statement saying there is a significant rise in asset classes and they are vulnarable for a sharp correction.
- RBI had come up with a similar statement when Nifty at 12k saying there's excess liquidity due to which Markets are higher and fundamentals not that great.
- But Market went to 15k.
- In Bull Market all the Negative news get ignored and in Bear Market it gets Amplified.
- Nifty might Trade between 14680-14940 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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