- U.S Markets closed positive on Friday.
- Job numbers reported were below expectations.
- Markets expect that if Job numbers are lower Fed wouldn't increase interest rates in near future.
- In Bull Markets news are interpreted seperately even if it's Negative.
- Right now U.S Futures are Asian Markers are down slightly.
- SGX Nifty is trading near 15750.
- Bank Nifty unperformed on Friday.
- There was not much out of RBI Policy but banks witnessed huge profit booking.
- In U.S they say if one Index hits fresh highs and Other Index do not follow then we are not in a Bull Rally.
- Rally will fizzle out in coming time.
- So if this is a Bull Market and if this is to continue Bank Nifty should touch it's all time highs sooner than later.
- Nifty is at its all time highs.
- Mid cap index has already crossed all time highs.
- Small Cap index has also done.
- Bank Nifty is the only laggard currently.
- PSU Banks are likely to Outperform than Private Banks.
- SBI default numbers were lowest in this Quarter in the last 4 years.
- I expect SBI to lead Bank Nifty rally.
- We are in a Bull Market and this is likely to continue.
- Buy on dips to apply.
- Nifty might Trade between 15660-15820 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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