- U.S Markets closed higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15820.
- Asian Markets are mostly Positive.
- Yesterday we opened higher and were consolidating in the first half.
- Second half witnessed good profit booking due to Bank Nifty & Reliance.
- Bank Nifty was unable to cross 35k yesterday.
- Exactly where the highest open interest was built into.
- Yesterday was one of the least Volatile monthly expiry after many Months.
- June Series was good for the Bulls with Nifty closing 400-500 points higher than preiuous month.
- Bank Nifty underperforming heavily.
- Reliance and IT Stocks have led the rally.
- Going ahead we can expect Bull Market to continue.
- Every dip is a buying opportunity.
- If Nifty has to cross 16k then Bank Nifty has to start performing.
- Bank Nifty support Is required now for Nifty to reach fresh highs.
- I would look to sell Nifty near 15900 today and buy near 15760-15720 with 30-40 points Stoploss either side.
- Nifty might Trade between 15720-15920 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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