- U.S Markets closed Slightly Negative Yesterday.
- Nasdaq closed slightly positive.
- Right now Asian Markets are mostly lower.
- SGX Nifty is down by 10-20 Points.
- Yesterday Markets opened higher and continued the Momentum.
- What was a bit surprising about Yesterday's rally was U.S Futures were down Intraday and European Markets were also lower during Market hours.
- Still our Markets closed firmly in Green.
- Reliance was the outperformed even Yesterday.
- Bajaj Finance and Bajaj Finserv both witnessed profit booking due to Cautious view by Managements.
- Bank Nifty facing some reistance near 35500.
- Bank Nifty will gather steam if we get closing above 35500.
- On the lower level 35200-35100 is a good support.
- Bank Nifty from quite some time trading within this range.
- When Everybody expects an index to go up it generally consolidates.
- When these people lose patience and dispose their positions it rallies.
- Most of the Technical people expecting Bank Nifty to go higher so it's Consolidating.
- Patience to stick to your positions and conviction rewards.
- In spite of Global Markets witnessing profit booking Indian Markets are outperforming.
- 15700 PE has added large open interest yesterday.
- This is in the money option still added huge open interest.
- Expecting this level to be a good support for Nifty for coming days.
- Nifty might Trade between 15680-15840 today.
- Expecting a Rangebound day on Nifty and Bank Nifty with 100-150 Points plus or minus.
- 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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