- U.S Markets were closed Yesterday.
- There was a labour day Holiday Yesterday for U.S Markets hence not much Global cues.
- Asian Markets are mixed.
- Hang Seng is up while China is down Slightly.
- Dow Futures are slightly higher.
- SGX Nifty is Trading at 17420.
- Yesterday was a very flat day.
- Frontline indices consolidated throughout the day.
- The significant event was FII's have sold Yesterday.
- This came after 2-3 weeks of continue buying.
- This might be due to holiday in U.S hence they sold.
- Whether it's a trend reversal or not we have to see today.
- IT Stocks are on another planet in our Market.
- There has been a Non - Stop rally in IT Stocks.
- Wipro was the outperformer Yesterday.
- Bank Nifty continues to underperform.
- 17200 is a strong support for our Market in short term.
- Any sort of dip should be bought into and can be used to sell Put Options.
- Reliance after crossing it's all time is showing momentum.
- Short term target for Reliance opens up to 2600-2700 and this might come in September itself.
- I've sold 2300 & 2200 Put Options in Reliance for September expiry.
- Nifty might Trade between 17320 to 17520 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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