- U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
- Asian Markets are lower.
- SGX Nifty is Trading near 17450.
- September was a very Good Month compared on close to close basis.
- Nifty rallied 900 Points in September.
- Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
- Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
- On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
- Generally , gap downs due to Macro news offer a good opportunity to buy into.
- I'm Expecting the same for today.
- This gap down is a good buying Opportunity for short term traders and long term investors.
- October series I'm Expecting a positive situation for our Markets.
- Auto Sales data are going to come out today.
- I do not expect them to very good and that seems to be priced into the prices.
- Markets have been highly volatile from last 10 trading sessions.
- I expect Volatility to reduce today.
- Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
- 17400 should be a good support for the day.
- Advisable to sell 17000 PE weekly expiry on today's gap down.
- Nifty might Trade between 17400 to 17700 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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