- U.S Markets closed at record highs yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 17880.
- The talk of the town is IRCTC.
- Government has announced that IRCTC has to share 50% of convenience fee with Govt.
- The stock is in split and shares have not been credited yet to demat.
- This sudden news will cause a panic in the Market.
- People invest in the company looking at its management and Trust .
- IRCTC was preferred because of its Monopoly and no intervention in Corporate Governance.
- This change will hit a big damage and impact the reputation of the Management.
- October Expiry was the worst for Bulls.
- Markets crashed Yesterday due to heavy FII selling and also Expiry related issues.
- 17800 is the critical level for today.
- If we close below 17800 today then it's time to become bearish in the short run.
- If we manage to hold on today then we can expect stability going forward.
- Traditionally November is a very good month for Bulls.
- Last 3 Years November has given positive returns.
- Last Month it was 11% return in November for Nifty.
- Nifty might Trade between 17800 to 18000 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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