- U.S Markets closed higher Yesterday.
- Nasdaq is just 1% away from record highs.
- Technology stocks are outperforming both in U.S and India.
- Right now Asian markets and Dow futures are flat.
- SGX Nifty is Trading at 18450 almost flat.
- Yesterday was a highly volatile trading day.
- Nifty witnessed a huge gap up near 18600 and this got sold into within minutes.
- Market recovered swiftly during the day and closed near 18400.
- Yesterday there was heavy profit booking in momentum stocks.
- All the stocks that have rallied too quick too fast started to fall.
- Nifty heavyweights were mostly higher yesterday it was just broader Market collapse.
- HDFC Bank ADR was up 2.5% yesterday in U.S Market.
- Can expect it to outperform today as well.
- Wednesdays are mostly volatile trading days but I feel today could be a silent day as we have witnessed volatility yesterday.
- Expect Banking stocks to continue outperforming.
- HUL results didn't help the Markets either.
- As soon as the resukts were announced all the FMCG Stocks witnessed heavy profit booking.
- Expect Markets to consolidate before going higher.
- 18300 PE & 18600 CE has the highest open interest.
- Option writers are betting on this range for expiry which I feel should work.
- Nifty might Trade between 18300 to 18600 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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