- U.S Markets closed lower Yesterday.
- Right now , U.S Futures are higher.
- Asian Markets are higher.
- SGX Nifty is Trading near 16670 now.
- August Series was a Fantastic one for the Bulls.
- Nifty broke out of 16k in the first week and then it was no looking back.
- Nifty has rallied 700 Points in August series.
- Bank Nifty is the problem.
- Bank Nifty is at the same level as it was on August beginning.
- Banks are struggling to perform.
- SBI always comes up with great results but the Stock never moves.
- Infact the Stock is lower than the results price.
- IT Stocks have been on fantastic Bull run and there's no signs of stoppage.
- Infosys even after facing related to its Income Tax Portal continues to rally.
- 16700 is a resistance for Nifty it's just a matter of time before we cross this level.
- Expecting the rally to Continue but not at such faster pace.
- It's not wise to think about a crash now and take short positions.
- Trends take a long time to bend.
- Until then it's wise to follow the trend and focus on making money than acting as a genius and shorting the Market.
- Nifty might Trade between 16580 to 16720 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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