- U.S Markets closed higher yesterday.
- Asian markets are higher.
- Right now Nasdaq and S&P 500 futures are lower.
- This is because Facebook has declared results and it's not as per Expectation.
- Stock is down 20% in the pre open and that's dragging Nasdaq.
- As Nasdaq is a Technology Index.
- Last 4 days has been a fantastic rally in the U.S Markets .
- Last 4 days Dow shot up 1000 points and Nasdaq as well.
- Nifty has also recovered from 16850 to 17800.
- This is again a superb rally from lows.
- I have been saying from 17000 that we have bottomed out at 16850 and budget will cause momentum on the higher side.
- Same has happened.
- 17700 PE of today's expiry has the highest open interest.
- 18000 CE in the monthly options have got highest open interest.
- Range seems to be between 17700 to 18000 for the day.
- 17000 PE has the highest open interest in monthly options.
- Next highest open interest is at 17500 PE.
- The range right now is 17500 to 18000 for a slightly short term point of view.
- Nifty might Trade between 17700 to 17900 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
Comments