- U.S Markets crashed Yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is near 17430.
- Suggesting a big gap down opening for today
- U.S Markets were highly volatile yesterday.
- It opened 2% gap down then within 1 hour it came into green.
- Last hour again selling accentuated and closed at the lowest point of the day.
- Yesterday RBI kept a very dovish commentary.
- This induced a huge short covering Intraday.
- We almost closed at the highest point of the day yesterday.
- Just after Market closing , this Inflation data triggered huge sell off
- Expectation was 7.2% but it came at 7.5%.
- 10 year bond yield shot above 2 for the first time since 2019.
- Fed indicated they would be looking to hike rates in March by 0.5%.
- This year will be difficult for investors.
- Majorly the risks are due to Global Markets.
- 17800 I feel is the top for Feb series.
- I have sold many Calls above 17800.
- One can consider selling call options above 17800.
- Nifty might Trade between 17300 to 17600 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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