- U.S Markets closed mixed yesterday.
- Right now Dow futures are higher.
- Asian markets are lower.
- SGX Nifty is up 20,30 points.
- Yesterday was a volatile expiry.
- Market kept falling since open.
- As soon as Nifty broke 17900 it's support level , the selling intensified.
- India VIX was 7% higher yesterday during the day.
- The final 30 minutes witnessed good amount of short covering.
- Nifty took support around 17800 yesterday.
- As I've been saying 17800 to 18100 is the range currently.
- Market is trading with huge Volatility in this range.
- Market is weak specially the Bank Nifty.
- Bank Nifty hit an all time high of 41800 in October end.
- Now it's at 38500.
- Down more than 10% because of inflation fears.
- The sentiment is negative now as we haven't a closing above 18100 for Nifty.
- At lower levels short covering is saving the Market from collapsing.
- Else the situation would've been much worse.
- Expect the range to continue for some more time.
- Nifty might Trade between 17800 to 18100 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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