- U.S Markets closed higher yesterday.
- S&P 500 hit a fresh all time high.
- SGX Nifty is trading at 17200.
- Both the U.S Market futures and Asian markets are slightly lower now.
- Yesterday it was a highly volatile day.
- Nifty fell nearly to 16800 in first hour.
- Then shot up nearly 250 points from lows to close at 17100.
- Today another 100 point gap up is on cards.
- So the Market is making life highly difficult for positional traders.
- Intraday traders finding it a bit easier to handle the same.
- FII's have sold just over 1000 crores yesterday.
- Because of year end there are very low volumes of indices and stocks
- Any small sell / buy order is creating large moves.
- RBL Bank panic caused the first hour selling yesterday.
- But immediately the Market saw some stability at lower levels.
- This huge gap up today I don't think could be sustained.
- 17150 , 17200 is an immediate resistance so this should negate the rally.
- If we sustain over these levels for 30-45 mins then we could continue the momentum on upside.
- Nifty might Trade between 16900-17250 today.
- stockmarketsdvisory.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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