- U.S Markets closed lower yesterday.
- Right now Dow futures and Asian markets are mixed.
- SGX Nifty is at 17300.
- Ahead of FOMC meeting Market is under pressure.
- Markets can handle good news , bad news but cannot handle uncertainty.
- Yesterday Nifty fell from high of 17630 to 17350.
- This is a big fall Intraday.
- FII's are the reason behind the same.
- Yesterday FII's have sold for more than 2700 crores.
- Nifty closed below it's important support of 17400.
- Now next support is at 17200-17250.
- 17600 CE has the highest open interest in weekly options.
- Markets would continue to remain volatile until clarity emerges.
- Yesterday the Broader Market was doing well.
- Advance- Decline ratio was favourable and Midcaps were slightly lower
- Only the Index heavyweights were under pressure.
- It was a concentrated selling by FII's in index heavyweights.
- Nifty might Trade between 17200 to 17500 today.
- One can look to buy this gap down with a stoploss of 17200.
- 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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