- U.S Markets closed lower Yesterday.
- U.S Markets are down for 3 consecutive days now.
- This may be due to the Inflation news coming today Evening.
- Before the Inflation news , institutions wish to book profit and stay safe.
- Right now Dow Futures are slightly positive.
- SGX Nifty is trading near 15700.
- Yesterday our Markets witnessed quite big swings and turns.
- Bank Nifty opened below 35k trapped bears and rallied 400 points.
- Nifty almost did the same by reversing from lows in first half.
- Second half witnessed quite large amounts of profit booking.
- Just at the stroke of 14800 Nifty corrected and fell almost 200 points Intraday.
- Bank Nifty fell almost 800 Points from day high.
- All the Put writers got trapped and had to run for cover thus Taking Market even lower.
- It was a two way move in indices Yesterday.
- In spite of such high Volatility yesterday the India VIX was firmly lower.
- This suggests that it might be one off day for Bull's.
- I expect it as a shake off to take out the Weak longs and Markets to be normal after U.S Inflation data.
- Most of the times , in Bull Markets Bears last only for a day.
- Such Corrections and Profit booking is good for the long term strength of Bull Market.
- Usually after such a Volatile day the next day might be calm and Rangebound.
- Weekly expirys are generally Rangebound.
- Nifty might Trade between 15600 to 15800 today.
- Bank Nifty might Trade between 34600 to 35200 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
Comments