- U.S Markets were higher Yesterday.
- Asian Markets and Dow Futures are higher now.
- SGX Nifty is Trading near 17650.
- Yesterday the Markets were volatile due to Fed tapering statement to be released later during the day.
- FII's sold Yesterday.
- HDFC Bank and ICICI Bank were the top losers of Yesterday.
- Yesterday Fed announced "If Economy remains strong then they would start tapering".
- In U.S there is a saying "Never fight the Fed".
- Fed for the majority of the times has positive outlook towards stock markets.
- Yesterday also the similar thing has happened.
- Probably the FII's might have sold Yesterday due to this Uncertainty regarding FED.
- They might start buying spree from today.
- Yesterday U.S futures were higher when we were trading and it was giving an indication of the momentum to continue.
- Evergrande news is over now and markets won't react twice for the same news.
- There was a deep fear of 2008 recession being repeated due to Evergrande collapse.
- This Fear has been subsided now.
- 17600 , 17650 & 17700 all the calls have been written aggressively today.
- Expect Markets to consolidate after a strong gap up today.
- Nifty might Trade between 17520 to 17700 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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