- U.S Markets closed higher yesterday.
- For the first time after many days we had a positive closing yesterday.
- Dow futures right now are slightly higher.
- Asian markets are mixed.
- SGX Nifty is up 10-20 points.
- Yesterday was again a disappointing day for the Bulls
- Nifty again closed at the lowest point of the day dragged by HDFC twins.
- These both stocks have been making markets highly volatile.
- FII's were selling from a couple of days but their selling amount was not that large.
- Yesterday we had a 5000 crore number from FII.
- This was evident from the price action we had witnessed yesterday.
- From the day Honourable FM gave a statement indirectly saying FII's are not thay relevant & praised retailers.
- These FII's have started to show true colour.
- They have been selling on a daily basis from that day.
- Most important event today is the RBI policy.
- I feel markets have factored in negatives in the last 3 days fall.
- Today I expect RBI to maintain status quo.
- So we might have some rally today.
- Also 17600 is a strong support.
- I will turn cautious only if Nifty closed below this level.
- Nifty might Trade between 17580 to 17800 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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