- U.S Markets closed flat Yesterday.
- Right now , Asian Markets are higher.
- Dow Futures is higher more than 100 Points.
- SGX Nifty is at 18250.
- It was a breath taking rally yesterday in our Markets.
- Usually Wednesdays are considered to be highly volatile but yesterday was an easy trending day.
- All the call writers and short sellers had to run for cover propelling the Market higher.
- Generally the gap ups do not sustain but once momentum continues it can go far.
- Chasing today's gap up is not advisable.
- We have already 200+ Points yesterday.
- Let Market come near 17150-17200 to enter once again.
- At October beginning , when Nifty was at 17550 I said that low of 17450 would be a bottom for our Markets.
- At least for October series.
- There's no looking back since then.
- Infosys results were above the street expectations.
- Infosys ADR closed 4% higher in U.S.
- Today we can expect 2-3% gap up in Infosys.
- Yesterday U.S Fed has indicated of beginning the taper tantrum process from November gradually.
- 18200-18300 should be the range for the day.
- 18000 is a strong support on the downside.
- I have sold 18000 PE yesterday for current week , for next week as well as Monthly expiry.
- Nifty might Trade between 18150 to 18320 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