- U.S Markets closed lower Yesterday.
- Right now Dow Futures are also flat.
- Asian Markets are very Volatile.
- Particularly Hang Seng and Chinese.
- As of now it looks like the fall has been stabilized over there.
- SGX Nifty is Trading near 15800.
- Earnings season in U.S has been particularly good.
- Many companies have declared fantastic results.
- This is not the case in India.
- Indian Companies have majorly declared poor results and below expectations.
- Majority of the Stocks have fallen after declaring results.
- Yesterday Doctor Reddy fell by 10% Intraday due to poor results.
- Doctor Reddy 4950 PE went from 0.25₹ to 196 yesterday which is 1,20,000% higher.
- That's why I always advice to avoid Stocks and stick to Indices , Nifty and Bank Nifty.
- I know some People who sold Put options of Dr reddy and they have gone bankrupt.
- Those leverage traders who were long also faced big losses.
- Stocks tend to be Highly Volatile and one needs to be highly careful.
- 15800 CE on Nifty has the highest open interest.
- This looks like Market might face resistance at these levels.
- Expecting range to shift from 15600 to 15850 for coming 2 days.
- Nifty might Trade between 15680 to 15840 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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