- U.S Markets closed more than a percent higher Yesterday.
- Right now U.S Futures are slightly higher.
- SGX Nifty inching towards 15900.
- This has been a dramatic recovery in Global Markets.
- Yesterday during our Market hours Dow futures was down more than 1%.
- By Afternoon they have turn positive and since then the rally has continued.
- Yesterday Bank Nifty outperformed Nifty and was up 700 Points from day low.
- After a Big gap down it was a one way Trending day on the upside.
- This upside should continue.
- Today is Tuesday & two days are left before expiry.
- Today we can expect Rangebound markets.
- So Market night throw some surprises Intraday.
- Reliance AGM is scheduled on 24th June and Expectations are quite large.
- Reliance is likely to lead this rally & Outperform on these Expectations.
- FII's & DII's turned net buyers Yesterday.
- Infosys and Reliance are the two which will lead Markets on the upside.
- 16000 is a stiff resistance whereas support has been shifted to 15600 for this expiry
- Nifty might Trade between 15720 to 15940 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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