- U.S Markets closed lower Yesterday.
- U.S Markets are down for 5 trading sessions out of last 6 sessions.
- Whereas Indian Markets are up for straight 5 sessions.
- Right now Dow futures and Asian markets are higher.
- SGX Nifty is flat near yesterday closing.
- Yesterday was a fantastic rally in our markets.
- It was a stable Market and a slow and steady rally.
- This was due to major contribution by HDFC group stocks.
- Both HDFC and HDFC Bank led yesterday's rally.
- Mid caps were underperforming throughout the day
- It was the large caps which kept Nifty in check.
- We have fed meeting on Thursday and that's why U.S markets are jittery.
- Because of higher Inflation , FED is expected to increase rates.
- This is leading to a fear in the markets.
- Yesterday india VIX kept inching higher.
- It was higher throughout the day.
- Put options were not falling proportionately whereas call options kept rising.
- Expecting markets to test 200 DMA today near 16950.
- Yesterday we did cross 20 DMA of 16850 and closed above this.
- If we cross 200 DMA then I would become bullish.
- Nifty might Trade between 16700 to 17000 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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