- U.S Markets closed lower Yesterday.
- Right now Dow Futures are slightly down.
- Asian Markets like Hang Seng & China recovered yesterday but now both are lower.
- SGX Nifty is trading near 15740.
- Yesterday our Markets were highly Volatile.
- Most astonishing point was that Market has been recovering from big falls.
- We haven't broken important support of 15500.
- So this range might continue for long from 15500 to 16000.
- Today we have monthly July expiry and as of now July was flat.
- We might expect some big Volatile expiry moves today in 2nd half.
- FII's have been regularly selling for more than 2000 crore on a daily basis.
- Yesterday we had Fed event and there wasn't any change in interest rates.
- So this has become a Non - event for the Markets.
- My view has become mildly bearish on the Markets and I don't expect Nifty to cross 16k in August series.
- That's because of Poor Corporate results and earnings.
- Maybe FII's are selling due to the same.
- All the Large Cap stocks have fallen after results.
- Kotak Bank yet again declared very poor results.
- Bank Nifty has been underperforming due to same.
- HDFC Bank & Kotak Bank both constitute about 40%of Bank Nifty and both have declared below par results.
- Bank Nifty rallying in these situations isn't permissible.
- Nifty might Trade between 15550 to 15820 today.
- Big range today due to expiry.
- 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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