- U.S Markets closed Slightly higher Yesterday.
- Asian Markets were on fire Yesterday.
- Particularly , Hang Seng and Chinese Markets.
- After Afghanistan issue , Asian Markets witnessed heavy profit booking.
- Now , all of the losses have been refovered.
- SGX Nifty is near 16650 now.
- Coming to our Markets , India VIX again crashed Yesterday.
- Right now , the option premiums are too low.
- Bank Nifty witnessed heavy buying Yesterday.
- FII's were net buyers.
- When FII's buy , they buy HDFC twins.
- Both HDFC Bank and HDFC Ltd witnessed significant buying Yesterday.
- HDFC Ltd closed lower but recovered from low point of the day.
- HDFC Bank , after Credit card Announcement has been performing very well.
- Today is Wednesday and remember Wednesdays are highly Volatile.
- Option writers take positions and trades get taken considering expiry.
- This Makes Wednesdays Volatile.
- I expect first half to be quiet but 2nd half to be Volatile today.
- Have to see what's in store today.
- Expecting 16700 to act as a stiff resistance for this Expiry.
- Support has now been shfited to 16500.
- Bajaj Finance is the star of the show in this Market.
- When there is doubt about Efficiency of companies.
- Quality companies witness buying.
- NBFC space is prone to lots of risk due to past history of scams etc.
- Nifty might Trade between 16480 to 16680 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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