- U.S Markets closed higher Yesterday.
- Asian Markets were higher.
- SGX Nifty right now is at 17780.
- Talk of the town is Moody's upgrade.
- 2 years ago Moody's had rated a Negative outlook for India.
- Yesterday they have changed their stance and have changed it to stable.
- This is a positive local news.
- Yesterday I had mentioned that any dip due to Global cues should be bought into.
- Market opened 30 points lower Yesterday and it was a perfect buying opportunity.
- We have crossed important resistance of 17750 on Nifty.
- 17750 had the highest open interest in weekly options & these writers had to run for cover Yesterday.
- Our Market is fairly strong and every dip is a buying opportunity.
- 18000 for the Nifty is on the cards and Market will surprise you on the upside.
- Reliance led the rally after 2 pm.
- Reliance was up 2% yesterday after 2 pm and this led to large rally.
- PSU Bank's especially SBI looks strong and can reach 500 in short term.
- India VIX was down another 3% yesterday.
- In October series India VIX has fallen each and everyday.
- Option writers have been enjoying this but now premiums are not that attractive.
- Nifty might Trade between 17720 to 17900 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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