- U.S Markets at one point of time were 300 points but recovered towards the end of the day.
- Right now Dow Futures are lower.
- Asian Markets are under pressure.
- This is because Chinese Govt is running behind technology companies.
- Yesterday Chinese and Hong Kong markets fell significantly and now Chinese futures are lower.
- SGX Nifty is trading near 15900.
- Yesterday in spite of such Global turbulence , our markets performed extremely well.
- Infact Indian Markets outperformed other Asian Markets yesterday.
- In spite of Such huge FII selling , DII's and retail people continue to support the Market.
- ICICI Bank results were up to the Mark and that changed Bank Nifty view.
- After HDFC Bank results , Bank Nifty view was Bearish but now it has become neutral.
- I expect rangebound Market to continue for this week.
- 15600 to 16k continues to be the range on Nifty.
- 34500 to 35500 on Bank Nifty.
- Infosys hit fresh all time high Yesterday.
- Perhaps the foreign investors might have dumped Chinese based IT Stocks and shifted money to Indian Based IT companies.
- Axis Bank declared results yesterday at it seemed okay at the first look.
- Will analyse the same in detail this weekend.
- Nifty might Trade between 15780 to 15940 today.
- stockmarketsdvisory.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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