- U.S Markets closed flat Yesterday.
- Asian Markets are lower currently.
- Dow Futures are mildly lower.
- SGX Nifty is Trading at 17100.
- Yesterday the frontline indices closed lower after continued 3 trading days of upswing.
- This was on the cards & expected.
- After such a fanstastic rally , Market participants would prefer to book profits.
- Yesterday was just a normal profit booking day.
- Infact Yesterday's profit booking is very good for the Bull Market in long term.
- Markets cannot keep going up without pause.
- Intermittent pause and profit booking keeps it healthy for longer term.
- Auto Companies have been posting disappinting numbers.
- Hero Moto Corp reported 22% sales decline in two wheeler segments.
- GDP number reported was at par with Expectations.
- There were no surpirses nor disappointments on that front.
- Yesterday I mentioned the Expiry range between 17000-17250 & that worked very well for Yesterday.
- Continue with the similar view even for today.
- Expecting the Consolidation to continue for today as well.
- I've sold 17000 PE and 17250 CE at 20₹ each Yesterday.
- Expecting both to go to Zero by day end.
- Nifty might Trade between 17000 to 17250 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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