- U.S Markets were lower Yesterday.
- Asian Markets were down Yesterday.
- Right now Dow Futures and Asian Markets are higher.
- SGX Nifty is trading near 17650 now.
- Yesterday it was a highly volatile trading day.
- Nifty opened above 17900 was down 300 Points to 17600 and recovered 150 Points during the end.
- India VIX was higher Yesterday as well.
- Monthly expiry is always volatile.
- Futures , Options Contracts all expire at once and that causes indicisivess.
- The reason was such large fall at Intraday was due to Bond Yield rising.
- 10 Year bond yield was up by ₹1.5 yesterday.
- When Bond Yields rise people shift money from Equity to Debt Instruments.
- Plus crude oil also crossed 80$ / Barrell.
- Bond Yield issue was there even in the month of March 2021 and Markets reacted violently then.
- I don't expect the reaction to be much fierce for now.
- Markets won't react twice for the same stuff.
- Expecting Nifty to expire between 17600 to 17900.
- This should be the trading range for today and tomorrow.
- Nifty might Trade between 17600 to 17900 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
Comments