- U.S Markets closed higher Yesterday.
- Nasdaq hit a fresh all time high Yesterday.
- Asian Markets are all in Green.
- Right now U.S Futures are slightly higher.
- SGX Nifty is trading near 16580 now.
- IT Stocks are the flavour of the town now.
- Yesterday, IT index was up more than 2%.
- Technology stocks all over the World have been on a rally.
- Money is shifting from Small / Mid Caps to large caps.
- Lathi Charge has begun on Broader Market stocks like Mid / Small Caps.
- As I've been Cautioning , it's time to review your portfolio and exit out of junk.
- Waiting for your cost price to come back might never happen or it may take many more years.
- My fear is due to interest being shifted to Largecaps , these stocks are getting more and more expensive day by day.
- Just a handful of Stocks cannot keep Market higher in the long term.
- These handful of Stocks are becoming too much expensive and when these start to correct that's when Markets as a whole would start a correction.
- As I mentioned in Pre - Market Report Yesterday about the fall of India VIX.
- India VIX fell by 4% Yesterday and I expect it to fall further today.
- Premiums are too low now for option sellers and there's no Volatility for option Buyers.
- Higher VIX gives equal opportunities to both the parties.
- 16300 PE and 16700 CE has the highest open interest for August Expiry.
- I am Expecting a Consolidation from here and not a big move on the upside.
- Nifty might Trade between 16480 to 16640 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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