- U.S Markets closed mixed Yesterday.
- Even though Dow Jones closed higher but S&P 500 and Nasdaq were particularly weak.
- Right now Dow futures and Asian markets are lower.
- SGX Nifty is Trading at 17800.
- Some profit booking in U.S Markets is good logically as it has been trading at all time high since a Month.
- Coming to Indian Markets , we have had a fantastic rally from 16400 to 17800.
- This is what happens in Bull Market.
- Corrections and Rallies both happen at a rapid pace.
- Yesterday I expected Markets to consolidate but again we had a good rally yesterday as well.
- Today Global Markets are not showing great strength so we may consolidate for the day with some Volatility.
- One interesting thing about yesterday.
- As soon as Markets opened near 17700 we fell to 17600 in a matter of minutes.
- How quickly was this dip bought into.
- In just 10 minutes the dip got bought into.
- This shows the strength of the Bulls.
- Today as well I expect some dip to come.
- It may be 50-80 points or maybe more.
- This dip is a buying opportunity.
- Do not chase this Market now as risk reward isn't in favour at current levels.
- Dips close to 17740-17700 provide good entry points.
- Do not try to oversmart the Market and look to short the Market.
- You might hardly get 50 points but the risk is huge.
- Stay with the Trend , find good entry points and keep trailing stoploss
- This is how big money is made.
- Bank Nifty is looking much stronger and can test 20 DMA of 37500.
- Nifty might Trade between 17640 to 17880 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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