- U.S Markets closed lower yesterday.
- Nasdaq has fallen more than 1000 points in just a week.
- Asian markets are now lower.
- SGX Nifty is down 150 points.
- We are again having a huge gap down today.
- Global markets are under pressure because of high inflation and rising bond yields.
- Today , U.S Inflation is set to be out and also we will have india inflation data as well.
- U.S Inflation is expected to be at a 40 year high of 8.2%.
- Indian Inflation at 6.4%
- For this whole year , Inflation and rising bond yield fears will be troubling us.
- This is not going to be an easy year to make money.
- Midcaps have been outperforming this month compared to Index.
- Midcap index is up 4-5% for the month whereas Nifty is up 1-2%.
- This shows that broader markets are doing much better compared to Index.
- TCS declared results yesterday and the street doesn't look too happy about it.
- Also Nasdaq crash will have IT stocks under pressure.
- The main problem for us is HDFC twins.
- As and when FII's wish to sell , they target these both stocks.
- These are index heavy weight stocks and they are falling rapidly.
- This is keeping index under pressure.
- Today's Inflation data and U.S markets reaction on the same will be very important.
- Most of the times , all the negatives get factored in before the event and when actual event is out markets go up.
- Today this is a possibility.
- Nifty might Trade between 17480 to 17680 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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