- U.S Markets closed mixed on Friday.
- Right now Dow Futures and Asian markets are lower.
- SGX nifty is down 60-70 points near 18200.
- Last Friday as well we were almost having a similar set up.
- Global Markets were down and we opened gap down near 18150.
- During the day , this gap down was bought into.
- 18100 -18300 is the range for Nifty.
- Near 18100 is a good buying opportunity.
- In the past , I have noticed many times that in such broad ranges breakout usually happens on the higher side.
- So we have 90% chances of breakout above 18300.
- Whnen will this happen that nobody knows.
- Until then , buying dips close to 18100 is a good option.
- HDFC Bank has come up with results over the Weekend.
- These results look good.
- They are not too good nor too bad.
- It's an okay kind of results
- HDFC Bank has been beaten up so much in last 1 Month.
- Even average results could charge up this Stock.
- 38000 is a big buying zone for bank Nifty.
- It has rallied and reversed almost 4 times from this level and 18100 for Nifty.
- Nifty has reversed and gone higher from these levels about 3 times.
- Any fresh big move will happen only if we break 18100 or 18300.
- Until then it's a ranging Market with Consolidation on the upper side.
- 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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