- U.S Markets closed lower on Friday.
- Right now , Dow Futures are Negative.
- SGX Nifty is near 17450.
- Global Markets are jittery due to Evergrande loan Default case.
- Evergrande company is China based real Estate Company and is one of the largest in the World.
- There has been news floating around that they have been defaulting on loan dues.
- Due to which the Global Markets are jittery.
- On Friday Nifty touched 17800 but soon we witnessed a heavy profit booking.
- This might be due to the Weekend as traders don't wish to carry Positions over the Weekend.
- Today's gap down might be lower than what SGX is indicating.
- SGX doesn't show the exact situation most of the times.
- In the past when such gap downs happened we have recovered during the day.
- Today as well I feel the same.
- 17450 is a strong support for Nifty and as long as we hold on to this level one should consider buy on dip.
- India VIX closed higher on Friday and it's likely to open higher today as well.
- We might not fall much in line with Global Markets today.
- DII's were net sellers on Friday but FII's were buyers.
- If we breach 17450 on Nifty then I will turn bearish.
- Bank Nifty is showing strength and on Friday it closed Positive.
- Kotak Bank is outperforming in Banking Sector.
- Nifty might Trade between 17450 to 17650 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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