- U.S Markets closed higher on Thursday and Friday.
- Dow Rallied 1000 Points in these 2 days.
- Right now Dow Futures are flat and Asian Markets are lower.
- China GDP data was announced today Morning which was below Expectations.
- Hence , Asian Markets are under pressure.
- SGX Nifty is Trading near 18420 now.
- It has been a dream run for our Markets in October.
- October 1st low was 17450 and now it's nearly a 1000 Point rally considering SGX.
- This rally is without the support of IT index.
- Bank Nifty has also witnessed a phenomenal rally of close to 2500 Points for October.
- The talking Point over the weekend was HDFC Bank results.
- Media has been reporting it's above Expectations but the issue here is Stock has already rallied before results.
- Any disappointment found in results would lead to a big fall.
- TCS hit fresh ATH before results of 4000 , results were not that bad but the Stock fell.
- Move after the results is quite difficult to predict because it's totally onto the Expectations.
- This week also has lots of results lined up.
- Reliance and ICICI Bank are heavyweights of Nifty and Bank Nifty.
- These will be coming with results over the weekend.
- Will be interesting to see HDFC Bank's movement post results.
- 18500 could act as a stiff resistance today for Nifty.
- It's time to be cautious as I feel Market has run up too quick too fast.
- 18250-18300 would be good zones to enter into for short term traders.
- Nifty might Trade between 18300 to 18500 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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