- U.S Markets closed higher on Friday.
- Right now Dow Futures are lower.
- Asian markets are slightly lower.
- SGX Nifty is down 60-70 points
- We are likely to open gap down near 17400-17420.
- On Friday Amazon , Pinterest declared great Results.
- But Dow Jones closed flat and other indices were slightly higher
- RBI policy which was due today has been shifted to 8th Feb due to Public holiday today in Maharashtra on the demise of mrs.Lata Mangeshkar
- Inflation data in U.S is set to be out today.
- This is causing some jitter in global Markets.
- SBI & Bank of Baroda have declared great results over the weekend.
- Both stocks have been trading near 52 week high.
- On Friday both of them have cooled off.
- Today's price action would be interesting on Bank Nifty.
- Right now Market is lacking any trigger to make a significant move.
- 17400 to 17600 is the range for Nifty and we may chop around here
- 17800 CE for weekly options added highest open interest.
- 17500 PE in monthly added huge open interest.
- Seems like Market may chop in between this range.
- I've turned Neutral from Bullish as we have broken 17500.
- Nifty might Trade between 17380 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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