- U.S Markets closed mixed yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX Nifty is flat
- Suggesting a flat opening for the day
- Yesterday was a totally unexpected session.
- Market crashed 300 points and banks crashed more than 2%.
- Friday was a narrow range day of 17400 to 17500.
- As soon as we broke 17400 it was a collapse.
- FII's & DII's both were net sellers yesterday.
- Combined selling was close to 2600 crores.
- This could be possibly due to RBI Policy fear.
- Fear of an interest rate hike by the RBI and rise in crude oil might be the Possible reasons of this sell off .
- Selling was so severe that Nifty fell almost 400 points Intraday.
- 17120 was yesterday's low for Nifty all the way from 17520.
- Without any corresponding negative news.
- India VIX shot up 8% yesterday.
- Market returns have turned negative for the year 2022.
- Nifty might Trade between 17120 to 17400 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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