- U.S Markets closed higher Yesterday.
- Asian Markets are also higher.
- SGX Nifty is trading above 16200.
- Dow futures are also higher.
- Yesterday we finally broke out above 16k.
- 16k had huge call writing.
- Both in weekly and monthly expiry.
- When we broke out above 16k. All these writers had to run for cover.
- And this propelled Nifty higher.
- It was a huge short covering rally as soon as we crossed 16k.
- My prediction of Nifty not crossing 16k was wrong but I still made money.
- So there's no reason for me to be unhappy.
- Today the main Event is SBI results.
- SBI has a history of Declaring fantastic results.
- In the past as and when SBI declared results
- Bank Nifty rallied at least 400 points
- Today would be very intresting for Bull's.
- I know many People who are still short on this Market.
- Due to arrogance that Market should fall.
- These will have bleeding red on their trades.
- There's still upside left from here.
- SBI results will decide due course of action.
- Nifty might Trade between 16120 -16340 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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