- U.S Markets closed higher Yesterday.
- Dow futures are flat now.
- Asian Markets are mixed.
- Yesterday U.S Inflation data came as it was lower than Expected.
- Inflation data being lower postpones the chances of increase in Interest rates.
- That's why the Global Markets were higher.
- SGX Nifty hit an all time high of 16370 Yesterday.
- Now it's cooled off and Trading near 16330.
- Yesterday the Markets were Volatile during Intraday.
- We had a gap up and then we witnessed selling but ultimately closing flat.
- Yesterday was also a Consolidation on a close to close basis for Nifty.
- Weekly Expirys are generally Rangebound unless there are any fresh news.
- Expecting the same today.
- Expecting weekly expiry to be ranging with slight positive bias.
- From last few days , Midcaps and small caps have been witnessing good amount of profit booking.
- There is a Distribution happening and money seems to be shifting to largecap stocks.
- I am Bullish on Airtel for long term.
- Reason is simple , Idea Vodafone going out of business will have just two players left and make it an Oligopoly market.
- These players will then control the Market Dynamics.
- Nifty might Trade between 16220 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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