- U.S Markets closed higher Yesterday.
- Asian Markets are also Trading higher.
- SGX Nifty is indicating a positive opening around 15800.
- The talk of the town is U.S Inflation data.
- The General Expectation was 4.7% but it was come way higher at 5%.
- In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me.
- Higher Inflation leads to higher interest rates and that is a negative news for Market.
- Higher Inflation also reduces the purchasing power.
- Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands.
- Market should start moving normally higher.
- That's what exactly happened yesterday's expiry.
- Market closed at the highest point of the day yesterday and trapped shorts.
- Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty.
- Once we start sustaining above these levels then further short covering will take place.
- On Wednesday at one point of time my MTM loss was near 4 lakhs.
- People will show you how they were right on a trade and how the made Money.
- Hardly anyone would say you how to tackle such Volatility with Adjustments.
- That's what succeeds a trader in the longer term.
- I didn't panic did some adjustments and yesterday it's reduced to 50k.
- One needs to understand the risks and rewards and shouldn't panic by looking at MTM status.
- I know many people on Wednesday Stoploss got triggered in both the directions.
- Bank Nifty might Trade between 35000 to 35500 today.
- Nifty might Trade between 15720 to 15880 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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