- U.S Markets closed lower yesterday.
- Right now U.S Futures are lower slightly.
- Asian Markets are also lower.
- SGX Nifty is down by 30-40 points.
- This is due to the outcome of Fed meeting which is expected to arrive at 11.30 today.
- Before any Event due to Uncertainty we might witness profit booking.
- Same is happening today.
- Yesterday our Markets crossed the resistance of 14800 and closed sharply higher.
- Bank Nifty also outperformed for the last couple of days.
- Coming to today we can expect it to be a Volatile session.
- Wednesday markets are very Volatile from past many Months.
- You may Remember what had happened last Wednesday.
- So one should be ready to deal with Such Volatility.
- I don't think Fed meeting outcome would have much impact on our Markets.
- Unless they increase interest rate drastically.
- But I feel it's time to stay a bit cautious on upside.
- This seems like too streched Market now and some profit booking may be evident.
- This is the best Market if you get dips.
- Larger the dips larger the rallies.
- On Monday we got big dip but we rallied 300 points from 15600.
- I would advice to lighten your Bullish Trading bets.
- Nifty might Trade between 15700 to 15900 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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