- U.S Markets closed higher yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is up 80-90 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.
- Yesterday again just before opening there was a big breaking news.
- The merger of HDFC Ltd and hdfc Bank.
- SGX Nifty was down 30 points yesterday.
- But due to this news there was a huge buying in HDFC twins.
- And we had a huge gap up.
- FII's who have been selling these 2 stocks left right and centre since 6 Months got trapped.
- This propelled huge short squeeze.
- Yesterday all the rally has been contributed by these 2 stocks itself.
- Both FII's & DII's were net buyers again yesterday.
- We have had a fantastic rally from 15700 to 18100 in just a Month time.
- This could easily go on till 18500.
- Then we have to look for all time highs to be taken out to get further momentum.
- Expect consolidation between 18000 to 18400 for next 3 trading sessions.
- Do not go short in this Market.
- I know many Bears who got killed yesterday and many who are still short.
- They will also be killed soon.
- Follow the trend and don't stand in between the momentum.
- Nifty might Trade between 18100 to 18400 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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