- U.S Markets closed higher Yesterday.
- During Market hours Dow futures were lower.
- Yesterday Nasdaq outperformed all the major indexes after so long
- Asian markets are mixed.
- SGX Nifty is indicating a big gap up of 250 points.
- Yesterday exactly near 200 DMA we witnessed a severe selling.
- Nifty crashed 300 points from day high and Bank Nifty crashed 1000 points.
- This is a reversing Market and the reversals can be quite strong.
- India VIX shot up to 27 yesterday.
- Yesterday U.S VIX crashed 6% and closed below 30 which is a good sign.
- Russia - Ukraine talks don't seem to have any good outcome
- No solution is being found yet on that front.
- War doesn't seem to be ending anytime soon.
- Today as well we could find some sort of selling pressure near 17k.
- One can sell this gap up with a stoploss of 17000 on Nifty.
- We have fed event today and I feel it's already factored in
- So it's likely to be a Non - Event.
- Crude Oil slips below 95$ / barrel.
- This is a very positive development for india.
- China has detected fresh round of Covid cases.
- Because of this they have been imposing further lockdowns
- This has led to a fall in crude oil prices which is indirectly benefitting India.
- Nifty might Trade between 16600 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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