- U.S Markets were down 300 Points at one point of time but closed almost flat.
- Nasdaq is just 2% away from record highs.
- Right now Asian Markets are higher.
- SGX Nifty is Trading at 18560 now indicating another 70-80 point gap up.
- Well this is a run away Market that we are witnessing.
- Huge gap ups being sustained and while traders are waiting for dips to enter into , the dips are not coming.
- Yesterday was the day of IT Stocks , Metals and PSU Banks.
- HDFC bank declared good results but it witnessed profit booking.
- All the other Banking stocks shot up yesterday.
- SBI hit a lifetime high of ₹500 on Intraday basis.
- I still somehow feel a short correction is imminent but we cannot predict the time.
- Market might run up even more and then correct.
- One should manage the risk and go with the Market.
- The trend is surely up and there's no question of it.
- Rather than looking to sell , the focus should be to buy at important levels.
- HDFC Bank ADR was up 0.7% yesterday in U.S so Expecting it to stabilize today.
- 1700 CE of HDFC Bank has the highest open interest.
- Once this is taken out we can expect HDFC bank and Bank Nifty to fly.
- 18479-18500 is a good zone to enter for Intraday.
- Nifty might Trade between 18450 to 18650 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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