- U.S Markets closed 480 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17340.
- Yesterday we had a big short covering rally in our Markets.
- Some news paper reports suggest that FII's have received legal notices related to tax issues.
- Also they are not happy with T+1 settlement rule to be implemented by SEBI.
- Hence FII's are selling in such huge quantities.
- DII's are ready to support the Market.
- This is creating some high Volatility and making trading almost impossible.
- Yesterday we had 300 point rally in spite of which FII's have sold 2500+ crores.
- At any point of time again this selling may resume.
- In such Volatility it's better to stay out or to trade with 1/5th of your normal volume.
- Bank Nifty has shot up 1000 points yesterday and is supporting Nifty as well.
- In 2019 , similar situation happened and FII's started to sell aggressively.
- Nifty fell from 12000 to 10700 is no time.
- It was a mini Bear Market and then Nirmala Sitharaman reduced the Corporate Tax percentage and Market shot up.
- Today we also have RBI Policy lined up and this will add to Volatility.
- It's better to stay out for some time and wait till this issue subsides.
- Nifty might Trade between 17100 to 17400 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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