- U.S Markets closed lower yesterday.
- Right now Dow futures are down.
- Asian Markets are all trading lower.
- Reason of such negative sentiment is due to the above .
- SGX Nifty is now at 16250.
- Many including me thought Russia Ukraine War was a one off event.
- Negotiations would happen and finally everything would come at peace.
- But right now that's not the case.
- This doesn't seem to end anytime soon.
- The more the attack goes on the more likely war fears are going to escalate.
- Even if this War subsides we still have many other issues.
- Inflation, Interest rate hike being the major of them.
- We are likely to open below 16400 as SGX Nifty is suggesting.
- The next immediate support is at 16200.
- This was the low we made on Feb 24th Expiry day.
- If 16200 is taken out then downside remains open.
- As I've been suggesting from lot of time that this is a sell on rally Market.
- Use rallies to short the Market.
- Bull Market is history.
- We havent entered into Bear terrian yet but still we are going through brutal correction.
- Be very selective in stock picking.
- FII's have sold the highest yesterday In last 6 Months.
- 6600 crores is the amount of selling they have done.
- In just 2 sessions alone of March they have sold more than 11000 crores
- As of now it looks like March month is going to be brutal for Indian stock Market.
- Nifty might Trade between 16100 to 16400 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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