- U.S Markets closed higher Yesterday on Friday.
- Dow futures are slightly positive.
- Asian Markets are currently higher.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading above 15900.
- On Friday , we closed almost at record highs.
- Significant development was the outperformance of Banking Stocks.
- Bank Nifty outperformed Nifty by a huge margin on Friday and closed almost 2% higher.
- Bank Nifty Future has broken out above 35500.
- If we Sustain above this level for some time then the rally should continue.
- Reason for Nifty Underperformance is Reliance.
- Reliance is down 6% in last few trading sessions.
- Once Reliance settled and bottoms out then Nifty will fly.
- Global Markets are also Positive overall.
- The Sentiment and the Underlying tone is Bullish.
- July series we have many important events lined up.
- Companies are going to declare their results.
- In the Month of Corporate results Declaration we can expect Markets to make big move on the either side.
- U.S Inflation data has also come lower than anticipation is also a positive news.
- Delta Plus Variant spreading faster than ever plus new restrictions in Maharashtra is a negative news.
- Nifty might Trade between 15820-16020 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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