- U.S Markets closed mixed on Friday.
- Right now Dow futures & Asian markets are lower.
- SGX Nifty is higher by 40-50 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- The War is worsening day by day with no signs of compromise / settlement yet.
- There have been many attempts of peace talks but all have been in vain.
- All this have kept the markets highly volatile.
- Commodity prices have been changing 3-4 times a day with moves.
- Previously , there used to be hardly 1-2 % change.
- Imagine the plight of business traders dealing in steel etc.
- PVR and Inox announce merger to form India's biggest multiplex chain.
- While this merger is looking beneficial for Inox shareholders as it's at a premium of 17%.
- The important point here is would they get the approval of competition commission.
- I think it's quite difficult as this merger would cause an effect on competition.
- Bank Nifty is underperforming as compared to Nifty as crude keeps rising
- Financial stocks keep taking the hit.
- For whole of 2022 , Market has gone everywhere , been highly volatile but on close to close basis it's just flat.
- 17200-17300 was the Jan 1 level and today also we are at the same.
- Nifty might Trade between 17000 to 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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