- U.S Markets crashed Yesterday.
- All 3 indices hit fresh 52 week lows.
- Nasdaq is the major contributor on the downside and fell more than 4%.
- Asian markets are lower.
- SGX nifty is down 100 points.
- Well I can remember few months ago people asking me how to invest in U.S stocks.
- Many people from India have already invested huge chunk in U.S Markets.
- Especially in Nasdaq as it was in a crazy bull run.
- Many investors from other countries have also invested in Nasdaq.
- Now because of this huge underperformance all of these are suffering to the core.
- So Nasdaq falling is not only U.S Specific problem it's a global problem now.
- Tomorrow we will be having inflation data in U.S and in all the other countries Inflation data has surprised on the upside.
- So there are fears of recession and highest Inflation ever in the Economy once again.
- Let me tell you , U.S is a Bluechip Diamond Country.
- They have come out of Many shocks in the past Specially 2008 Lehman brothers collapse.
- Nobody expected them to bounce back with such intensity.
- So this Inflation shock is a temporary one and they will bounce back with greater strength.
- Yesterday was again a very high volatile session with market moving all over the places.
- 16500 in weekly has the highest open interest.
- So this will be difficult to cross.
- I expect some stability in our markets and the speed of the fall to reduce in U.S Markets.
- Nifty might Trade between 16150 to 16450 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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