- U.S Markets closed lower on Wednesday.
- Thursday our Markets were closed.
- Yesterday, U.S Markets were flat.
- Asian Markets are all down.
- SGX Nifty is down by 200 Points and Trading near 16350.
- Reason for this is Majorly due to Afghanistan issue.
- Afghanistan has closed down its borders and has restricted movement of goods.
- Import and Export have now been stopped by the entry of Taliban.
- This news had come around on Wednesday and was confirmed by the Authorities later during the day.
- Indian Exports and Imports from Afghanistan is more than 1200 Million $ per year.
- This Blockage and restriction will hamper India's Business in future.
- U.S Fed also indicating taper tantrum to take place much sooner than expected.
- All these news over the Holiday has led to such fall.
- Now the Million Dollar Question is what Next from here?
- The trend now has surely become Negative.
- Market wont fall in a straight line but will witness bounce in between.
- These bounce should be used as an Opportunity to exit long positions by the Traders.
- Once this sell off stops , Market makes a low and starts to recover. We would again be in a Bullish Zone.
- Nifty might Trade between 16240 to 16480 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