- U.S Markets witnessed slight profit booking yesterday.
- Asian Markets are flat.
- SGX Nifty is trading near 16280 now.
- Dow Futures are flat.
- Our Markets have witnessed a fantastic rally in last 2 days.
- Nifty was up by 400 points
- Bank Nifty up by 1500 + points.
- Hdfc Bank results dragged Bank Nifty lower by 1500 points but now Bank Nifty has recovered all losses.
- SBI results has turnaround Bank Nifty in the past.
- Yesterday is was no different.
- SBI results were better than other Banking results.
- Bank Nifty crossed 36k briefly at one point.
- Today is weekly expiry.
- This rally for last 2 days continue to go as usual.
- Markets cannot go up so fast everyday.
- Now Consolidation is required for Bull's.
- Expecting a ranging day today with Slightly positive bias.
- Generally weekly expiry are Rangebound.
- Nifty might Trade between 16180 to 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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