- U.S Markets closed 600 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17040 now.
- Markets has been making huge swings now.
- Just imagine , Friday's high was 17500 for Nifty and yesterday low was 16900.
- That's a 600 Point fall in 2 trading sessions.
- This selling is not on the back of any negative news nor on the back of negative global cues.
- Many are contemplating that this fall is due to Omicron Variant scare.
- I don't think so.
- Omicron Variant as many agencies pointed out is less deadly than Delta Variant.
- The biggest problem now for the Market is FII selling.
- FII's have now sold for 85000 crores in last 1 Month.
- Yesterday I expected a selling of 5000 crores but it has come at 3400 crores only.
- One shocking point is that only 1 stock of Nifty 50 closed higher yesterday.
- Rest all 49 stocks closed in Red.
- Until this FII selling goes on this is a sell on rally Market.
- Rallies and pull backs will come.
- Those are opportunities to sell into.
- Yesterday was a one day trending Market towards the downside.
- Nifty might Trade between 16800 to 17100 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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