- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15670.
- Yesterday we witnessed a huge profit booking during the day.
- Expiry related issues also contributed to the downfall.
- Expiry related issues means those trading in weekly options have to square up their positions the same day.
- Thus leading to further fall.
- A Positive which we had Yesterday was Nifty didn't break crutial level of 15700.
- 15700 was managed to hold yesterday.
- From last 4 weeks Nifty is trading within 15700 to 15900.
- This is a very narrow range.
- Yesterday we fell due to Global Markets jitter.
- Delta variant cases are growing much faster than expected.
- Some Asian Countries have announced higher restrictions due to the same.
- Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove.
- TCS has declared results yesterday and are good at first sight.
- India VIX shot up 11% yesterday.
- Volatility is likely to increase going ahead.
- Nifty might Trade between 15620 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
Comments