- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly lower.
- Asian markets are slightly higher.
- SGX Nifty is near 17400.
- Suggesting a slightly positive opening for today
- Yesterday was a pleasant surprise for many.
- Yesterday I advised to short with a stoploss of 17050.
- The short trade worked well in first half.
- In second half Market started to rally and later we got to know that Russia troops have gone back.
- The War fears have been escalating over past many days.
- Yesterday's news was a relief and as soon as 17100 was crossed there was a huge short covering.
- The short covering was so huge that Market rallied 250 points in 2 hours.
- So one more time 16800 is successfully handled by the Bulls
- Has everything turned positive yesterday?
- The answer is NO.
- Yesterday can be termed as a relief rally and markets could go further to 17600 as well.
- Larger problems like Rate hikes , Inflation and FII selling still remain.
- 16800 to 17800 is the range in which Markets are moving violently.
- This is a turnaround Market and the reversals are so huge on both sides.
- Positional traders are being chopped off.
- Intraday is the only way from here.
- Volatility needs to cool down a bit for Markets to make further big trend from here.
- If you have made money over last 2 days now it's time to be patient and take a day or two off.
- Markets have the Tendency to take it back quickly.
- Nifty might Trade between 17200 to 17500 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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