- U.S Markets closed at record highs Yesterday.
- More than 80% of the U.S Companies have declared better than expected results.
- Asian Markets are mixed.
- SGX Nifty is up 30,40 points.
- Yesterday we opened above 18200 but within minutes markets crashed.
- 18000 was broken for a brief amount of time and Market touched 17950.
- Then we had witnessed a sharp recovery from those levels.
- Reliance in spite of declaring good results seemed dull yesterday.
- ICICI Bank was the star of the show.
- Up more than 10% yesterday and single handedly took Bank Nifty higher.
- Bank Nifty at a brief moment was up 1300 Points.
- Profit booking was witnessed after that and it closed 700-800 points higher.
- Yesterday HDFC Bank was down more a percent.
- This is a classical Market situation where one business captures Market share from other.
- HDFC Bank was the most loved FII stock but since Aditya Puri resigned it has lost its Mojo.
- Money has now been shifting to ICICI and Axis.
- Bank Nifty still has enough legs to cross 42k by this expiry.
- Nifty might remain sideways between 18000 to 18250.
- It might Trade within this range but with high Volatility.
- Midcap stocks have been falling apart from past few trading sessions and that's a very good sign.
- There was a lot of froth in the midcap space and that's been corrected now.
- I still believe decent Midcaps would do very well but every stock won't run up as we have been witnessing.
- One needs to be very careful while picking stocks.
- Nifty might Trade between 18000 to 18250 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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