- U.S Markets crashed Yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is at 15750.
- Asian markets are mixed.
- Yesterday we had exit poll results.
- Exit Poll results cannot be trusted with 100% accuracy.
- In the past as well many of the times exit Poll results have gone wrong.
- Majority exit Poll show that BJP is likely to win UP again.
- This is a positive news for stock market.
- In Bearish times markets don't react to good news but react to bad news
- 15800 is a very important support on Nifty.
- Last year Market made a consolidation of 3 Months near 15800-16000 and then broke out.
- So technically it becomes a very important support this time as well
- If this breaks then 15500 -14800 open up.
- The falls will be equally fierce as the rallies.
- Market did rally one way and now falls will also be one way.
- Right now we have crude oil shock impact as well.
- Crude Oil has shot up to 130-140$ / barrel.
- In history I've observed , whenever crude oil stays higher Nifty always have given negative returns.
- Currency is also weakening day by day
- Rupee yesterday hit it's lowest level of last 1 year.
- All this makes worrying signs currently.
- Not advisable to short gap downs.
- Look for rallies close to 16000 to short .
- 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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