- U.S Markets closed higher Yesterday.
- Yesterday he had the Fed event and it has gone as per expectations.
- Fed has increased rates by 25 basis points.
- Markets fell as soon as this news broke out
- But recovered all of its losses from the lowest point of the day .
- Nasdaq was up 3.7% yesterday.
- Most importantly, CBOE VIX crashed 10%.
- This is the biggest fall in VIX in last 2 months.
- Asian markets are higher.
- SGX Nifty indicating a gap up 300+ Points.
- This is another huge gap up after yesterday's one.
- Nifty in last 2 days has made a low of 16600 and now opening near 17300.
- This is a 700 point swing.
- There is no positive development from Russia-Ukraine front.
- No Positive outcome has emerged from the talks.
- Fed also indicated more rate hikes to come in coming months.
- I somehow feel SGX is over reacting today and we might get a dip close of 17100-17000 today.
- Expecting India VIX to also fall drastically today.
- Nifty might Trade between 17000-17300 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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