- U.S Markets closed lower yesterday.
- After closing in green for 8 consecutive trading sessions they have witnessed some profit booking.
- It was one of the highest winning streaks for market.
- Today the inflation data is going to be announced in U.S.
- Ahead of the same markets are a bit shaky.
- Asian markets are lower.
- SGX Nifty is trading at 17960 today.
- We are likely to have a decent gap down opening today and I feel that 17920-17900 is a good buying opportunity.
- 17900 PE added huge open interest when we crossed 18k.
- This support level shouldnt break easily today.
- We are in a consolidation mode currently and there is no clear trend.
- Looks like Nifty is again going to fall back in 17800 to 18000 range before a possible big move.
- IndusInd Bank has stabilized yesterday and that has settled Bank Nifty.
- Bank Nifty is a good risk reward zone buy near 38900 -39000 which is Mondays low.
- Nifty near 17900 is a good opportunity to enter.
- We have supports at 17800-17850 and 17900 all the way for Nifty.
- These should come in handy for the day.
- Usually the Wednesday trades are highly volatile and expecting the same Volatility today as well.
- This Market is very difficult to trade for option buyers and trend traders.
- It's not like before where you get big moves almost 2nd day.
- The good old updays are gone now.
- Now markets would be boring and consolidating for the coming year as markets cannot keep going up in a straight line.
- Nifty might Trade between 17800 to 18100 today.
- Bank Nifty might Trade between 38800 to 39500 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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