- U.S Markets closed lower Yesterday.
- Asian Markets crashed Yesterday.
- Nikkei was down 4% Yesterday.
- SGX Nifty right now is at 17600.
- OPEC Pointed out Yesterday for not increasing their Crude Oil Production.
- This led to shooting up of Crude Oil Prices.
- Crude Oil has crossed 81$ / Barrel.
- Facebook , Instagram and WhatsApp were down 6 hours Yesterday.
- Also there have been reports of Stealing users data by hackers.
- This led to panic selling in IT stocks Yesterday in U.S.
- Nasdaq was down more than 3% at one Point.
- Yesterday was an Unexpected rally in our Markets even when Global Cues were Negative.
- 17450 is a strong support and 17750 is a strong area of resistance.
- Expecting markets to move violently within this range.
- Expecting a Breakout out of this range in the second week of October.
- Right now we are stuck between Weak Global Cues and Positive local cues.
- These sort of dips should be bought into at every declines.
- We are in a strong uptrend now.
- When Global Markets start to rally then we would be participating with full steam on the upside.
- Nifty might Trade between 17520 to 17720 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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