- U.S Markets closed higher on Thursday & Friday.
- Markets all over the World have witnessed heavy short covering over last 2 weeks
- Right now Dow futures and Asian markets are lower.
- SGX Nifty is up 100 points
- There's not much news over the weekend.
- War doesn't seem to be ending anytime soon.
- Markets ignoring the War and focusing on economy.
- Crude Oil slips below 100$/barrel
- This is a very positive news for India.
- There are reports stating India is buying crude oil from Russia at a cheaper price.
- 25-30$/ barrel cheaper crude oil is being offered to India by Russia this positive sentiment has driven market higher.
- Fed rate hike also seems to be factored in and Market is looking ahead
- Now the focus is on Corporate results and earnings.
- Next month we would start getting corporate results so those would be in focus.
- U.S VIX has dropped more than 10% in last 2 trading sessions.
- This indicates stability in the Market and we might not have huge gap ups or gap downs once VIX goes below 20.
- 17000 PE has added huge open interest both in monthly and weekly options
- Expecting this to act as a very good support going closer to expiry.
- Nifty might Trade between 17200 to 17500 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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