- U.S Markets closed Mildly lower Yesterday.
- Nasdaq closed much lower Yesterday.
- Asian Markets are also trading lower.
- That is the reason of SGX Nifty trading lower by 30 Points now.
- Yesterday we had weekly expiry and it was a very stable one after so many weeks.
- Maybe this SEBI margin rule has reduced the Volatility due to which there are not big swings life before.
- India VIX fell another 10% yesterday.
- Now India VIX is close to 15 and below 16.
- India VIX below 15 indicates less Volatility and the Bull Market to continue.
- Reliance has crossed it's all time high of 2200.
- Reliance won't let Nifty fall significantly.
- This alone will propell Nifty higher and control the Markets.
- Today RBI Policy at 10 AM.
- The general Expectation is Status Quo and it's likely to be a non event.
- However due to RBI event Bank Nifty might be Volatile for a short span.
- Currently , I'm Bullish on Bank Nifty more than the Nifty.
- Nifty has already crossed all time high.
- Whereas the Bank Nifty is still 2000 Points away from all time highs.
- Bank Nifty seems to be a good value play now.
- 35500 is a good support on Bank Nifty.
- 35000 is the longer term support.
- So every dip is a buying opportunity now and Markets look extremely bullish.
- Nifty might Trade between 15580-15780 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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