- U.S Markets closed mixed on Friday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 18150.
- Markets have been super volatile from last 4 trading sessions.
- Nifty has corrected 550 Points from 18600.
- Bank Nifty keeps hitting fresh highs.
- There was a time when Nifty was hitting fresh highs on regular basis.
- Bank Nifty was flat.
- Now the tide has changed and money is flowing to Banking stocks.
- ICICI Bank over the weekend has declared box office results.
- Reliance results were good as well.
- The problem for the Market is FII selling.
- FII's have been selling very aggressively from last 4 trading sessions.
- Selling more than 2000 crores on a daily basis.
- This is causing a negative sentiment in our Markets specially in Nifty for a short term.
- The issue is many traders have been stuck at higher levels as they have been used to such corrections
- Also this is one of the longest corrections in last one month.
- Expect Markets to remain volatile and also there are many results lined up this week.
- There is huge call writing at every level of 18200 , 18300 , 18400 etc.
- Market might be Volatile between 18050 to 18200.
- Nifty might Trade between 18000 to 18300 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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