- U.S Markets have recovered most of its losses yesterday.
- Right now U.S futures are trading higher.
- SGX Nifty indicating a gap up 60-70 points.
- Asian Markets are also higher.
- Yesterday's price action of U.S Market indicates that the Temporary jitter due to Fed policy has subsided.
- U.S VIX was down 5% yesterday.
- I feel Fed rate hike is behind us.
- Also Fed is going to increase quarter percent and in next year which I do not think is a much issue.
- There is just some panic and reaction is knee-jerk.
- Bank Nifty took support as it's lower range of 34500 yesterday.
- This is likely to act as a good support in coming days.
- We are still in a Bull Market and every dip is a buying opportunity.
- Always Remember the larger the dip the bigger the rally.
- As dips always intice short positions and many short positions gets build up.
- These short sellers will take Market higher and lead to short covering.
- Yesterday due to Weekly expiry there was high Volatility.
- Important point was Market didn't break important support levels.
- This is the positive we can take out.
- Yesterday all the Adani Group Stocks fell Uniformly.
- That's why I always say to be away from such stocks.
- A 3-4% move against you and you will be out.
- Technical Analysis , Charts etc don't work when there's news.
- Nifty might Trade between 15620 to 15860 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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