- U.S Markets closed marginally higher on Friday.
- Dow futures are now lower.
- Asian markets are mixed.
- SGX Nifty is down 30-40 points.
- April series has started with a bang.
- Nifty rallied 200 points on Friday and most of it was contributed in the last hour of trade.
- India VIX crashed 12% intraday.
- This is something amazing and out of the box.
- For the last 6 months markets have been very volatile and India VIX was always above 20.
- For the first time after many trading sessions it has come below 20.
- India VIX below 20 indictes stability in the Market and it's beneficial for the option sellers.
- Also it indicates that market has very limited downside from here on.
- Chances of Market going higher are more.
- Not much development over the weekend.
- Russia - Ukraine is an ongoing problem.
- Pakistan military is likely to take over Imran khan.
- Whether that would happen peacefully or through protests is a matter to look into.
- Pre war high was 17606 on Nifty.
- We have crossed it significantly on Friday.
- This indicates bullishnsss going ahead.
- 17800 is the next resistance , we have resistance at every 200 points now.
- 17800 , 18000 , 18200 etc.
- 17500 is now a strong and immediate support for longs.
- Nifty might Trade between 17600 to 17900 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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