- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian Markets are higher.
- SGX Nifty is indicating a huge gap up of 150 points at 18220.
- This is quite a big gap up and also many call writers have been trapped at lower strikes.
- These call writers will face more problem in today's gap up.
- If we open near 18200 it's a good place to take profits off and sit aside for some time.
- We have lots of events today and Market bullishness indicates that insiders might know the outcome.
- These people start building positions before the actual event takes place.
- It's high chances that these events will be Market friendly.
- Inflation data in U.S expected to be 7.1% and I think U.S markets have already factored in the same.
- So even if we get this number markets would likely ho higher.
- IT Stocks are expected to post good results as Accenture has posted good results this Quarter.
- The only worrying problem is rising COVID cases.
- Market fell in panic when Omicron first took its presence in our counrty.
- Soon , Market has realised that the Hospitalisation and impact of Omicron is lesser compared to Delta Variant.
- Hence , we are moving higher.
- FII's are on a buying spree.
- Yesterday both the DII's and FII's were net buyers.
- 18000 should act as a good support for rest of the expiry both on weekly and monthly basis.
- Nifty might Trade between 18100 to 18300 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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