- U.S Markets at one point of time were crashing.
- Dow Jones down 600 points , S&P 500 and Nasdaq were down 2% each.
- This is because Goldman Sachs predicted there would be 4 rate hikes for the year.
- Inflation is expected to be 7.1% which is quite a lot to worry if it happens In reality.
- Due to all this , there was a panic selling in first half
- In the Second half everything recovered and all is well now.
- U.S Futures and Asian markets are higher now.
- SGX Nifty is flat.
- This Wednesday , we will be having lots of news flow in our Markets.
- Inflation data by U.S , Fed statement , IIP Data , Infosys & TCS set to declare results.
- All this will be coming after the Market hours.
- This is making the World Markets jittery.
- Coming to India , we have closed at the highest point of the day yesterday.
- Both on Nifty and Bank Nifty.
- Momentum is so strong on the higher side that even a minor dip is being bought into.
- Yesterday Nifty tested 17900 and Bank Nifty tested 38000 and the dip got bought aggressively.
- Today if we sustain above 18k then we can a rally during the day as many call writers will be stuck.
- Bank Nifty 38k has witnessed huge call writing as well and they will propell markets higher.
- Nifty might Trade between 17900 to 18200 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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