- U.S Markets closed higher Yesterday.
- Dow futures are flat now.
- Asian Markets are mixed.
- SGX Nifty is trading around 16300.
- Yesterday we touched 16350 on Nifty but we were unable to sustain this gap up.
- Towards the end of the day Trading day severe profit booking was witnessed.
- Ultimately markets closed almost flat.
- This happens when we have a huge breakout.
- Nifty broke out of 16k with full steam and after that we are consolidating.
- Today is Wednesday and remember Wednesdays are highly Volatile.
- As we have an Expiry tomorrow so expiry related issues might kick in.
- In spite of severe profit booking yesterday 16000 PE added huge open interest.
- This shows the confidence of Bulls.
- We are in a Consolidation phase and this might continue a bit longer.
- Zomato posted results yesterday are they do not look good.
- Loss reported by the company has increased by 360% YOY.
- I have repeatedly Cautioning that this stock is trading at high Valuations and one needs to be careful.
- This will be a very Stock Specific market from now.
- Investment in wrong Stocks would cause severe damage.
- Nifty might Trade between 16160 to 16360 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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