- U.S Markets closed lower Yesterday.
- During our Trading hours , U.S markets were lower by 1.5% on all Indices.
- This was due to rise in Bond Yields and Crude prices.
- Dow futures and Asian markets are lower now.
- SGX Nifty is down 20-30 Points.
- Yesterday during trading hours news broke out that FM Nirmala Sitharaman is going to address an Important economic issue
- People were anticipating some reforms due to COVID.
- But it was actually more of Political one than Economical.
- This has even more dented the sentiment of investors.
- Bajaj Finance came up with excellent results yesterday.
- Yesterday was a high volatile trading day.
- Nifty tested 18350 and then reversed significantly.
- Today as well there would be weakness in the Markets
- 18000 is a strong support both on weekly and monthly basis.
- This should provide cushion.
- 38000 is a strong support on Bank Nifty.
- We are likely to open near 38k on Bank Nifty.
- Texture is weak now until global Markets recover.
- Nifty might Trade between 18000 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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