- U.S Markets closed higher yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is near 17500.
- Suggesting a positive opening for the day.
- Today the talk of the town is RBI Policy.
- RBI policy was originally scheduled yesterday but it got postponed to today
- Interestingly , we got weekly expiry today as well.
- RBI policy is expected to be out by 11 today and the general expectation is rise In repo rate by 20 basis points.
- Majorly , RBI governer comments about inflation etc will be closely monitored.
- I somehow feel RBI will increase by 20 basis points and we will have some profit booking today.
- Market has rallied much before RBI policy so I feel the upside from here in very limited.
- 2022 seems to be a year of Consolidation with huge Volatility.
- Upto now Nifty has been moving violently within 16800 to 18600.
- 50 DMA is at 17620 and a bigger resistance is at 17800.
- As we went all the way to 17050 from 17800.
- This isn't a market where you take positions and play for bigger gains.
- This is a volatile market and you should get in and get out quick.
- Holding Positions till expiry will cause big damage.
- IT sector is close to 200 DMA and the first test of 200 DMA always allow a good buying opportunity in a Bull Market.
- Nifty might Trade between 17300 to 17600.
- 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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