- U.S Markets closed lower yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 18220.
- Yesterday it was a boring Market until 2 pm.
- Last 1 hour , Nifty fell 100 Points and Bank Nifty by 200 Points.
- This is due to huge FII selling.
- FII's have been booking profits heavily and have sold more than 12k crores in last 5 trading sessions.
- Due to such heavy selling market is trading violently between 18000 to 18500.
- In spite of such big selling by FII's Nifty is down by only from 300 Points from all time high.
- This is because the DII's and the retail keep supporting Market as lower levels.
- Yesterday all the Banking stocks witnessed heavy profit booking.
- Axis Bank came out very good results but it fell 6% thereafter.
- Predicting stock specific move after results is too tricky as it all depends on F&O positions lined up.
- Expecting November to be a very boring month for trend followers whereas highly profitable for option sellers.
- Expecting VIX to crash below 15 sometime in November and Markets to consolidate.
- Consolidation to happen with slightly positive bias.
- Today expiry could be volatile after 1 pm and usually the monthly expiry are very volatile.
- IndusInd Bank has also come out very good results yesterday.
- Nifty might Trade between 18100 to 18350 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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