- U.S Markets closed higher Yesterday.
- Dow Jones for the first time closed in green after 5 Consecutive negative days.
- Right now Dow Futures are higher.
- SGX Nifty is near 17410.
- Yesterday as soon as Markets opened there was a big dip in the Market.
- Nifty touched 17250-17270 yesterday and from there recovered towards the end of the day.
- India VIX was up 5% as soon as we opened.
- Towards Closing , India VIX closed lower.
- 17400 CE has a huge open interest this weekly expiry.
- Today we are expected to open gap up.
- As per the Indication of SGX Nifty.
- If this gap up gets sustained , then we might witness a large short covering rally for this week.
- 17250 is a strong support on the lower side.
- Yesterday Markets were weak because of Reliance.
- Reliance fell 2% Yesterday due to postponement in Jio Mobile launch.
- Banks also witnessed large amounts of profit booking Yesterday.
- IT led the recovery Yesterday with Infosys touching 1700.
- Rangebound view continues until we break out of 17450 decisively.
- Nifty might Trade between 17300 to 17480 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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