- U.S Markets crashed yesterday.
- Right now Dow futures are higher.
- Nasdaq crashed 3% yesterday and closed at 52 week lows.
- This is because both Tesla and Twitter are down after Elon Musk deal.
- SGX nifty is down 150 points
- U.S Markets are making huge moves everyday and are highly volatile.
- This is making our markets volatile as well.
- Yesterday Nifty saw a huge short covering rally at the end.
- Everything was Bullish.
- Today we have a gap down.
- Such stuff makes life very difficult for traders.
- Today we have many key corporate results in U.S
- These would decide the future course of action.
- LIC is expected to come with IPO in the first week of May.
- They have reduced the size from 5% to 3.5%.
- Also there is a good discount of retail allotment.
- These are some positives coming out of IPO Market.
- U.S markets are expected to remain volatile until FED meet.
- Our markets do follow global cues but we are outperforming all global markets in short run.
- Nifty might Trade between 16980 to 17220 today.
- Yesterday there was heavy put writing at 17000 , 17100 & 17200.
- FII's have been selling fromast 14 sessions
- 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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