- U.S Markets closed flat Yesterday.
- Right now Dow futures are slightly higher
- Asian markets are mixed.
- SGX Nifty is up 30-40 points.
- Yesterday was the day of index heavyweights.
- That too , particularly Infosys and HDFc twins.
- HDFC Bank contributed 500 points for Bank Nifty fall.
- These 3 stocks combined have contributed for 200 point in Nifty yesterday.
- HDFC Bank in spite of posting good numbers is seeing a massive hit.
- HDFC Ltd is also bearing the brunt due to the same.
- In there something Market knows and we don't.
- Or this is a short term pain?
- After merger news hdfc bank hit a high of 1700+
- Now it's below 1400.
- This is a 300 point fall in less than trading sessions.
- These stocks have been making Market highly volatile than ever before.
- Many retailers have been trapped at higher levels.
- These big institutions offload at higher levels and trap retail.
- FII's have sold for 6500 crores yesterday whereas DII's bought for 3500 crores
- While it's unfortunate , every damn possible thing happens in stock market.
- Right now I sense yesterday's low of 17060 on Nifty should be the bottom for this week at least.
- Upside resistance is at 17400.
- So we might be trading within this band for next 3 days.
- Nifty might Trade between 17150 to 17400 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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