- U.S Markets closed flat yesterday.
- When we were trading Dow was up 250 points.
- All these gains have been given up during trading hours in U.S.
- Asian markets are higher right now.
- Dow futures are also higher.
- SGX nifty is down 50-60 points.
- Yesterday Market showed remarkable resilience throughout the day
- We at one point of time Even hit 16400.
- Then the last hour selling again was disturbing.
- Today is a very important day in U.S markets.
- Today we will be having the Inflation data from U.S
- Market Positioning is nothing new and similar as always.
- Markets seem to have already discounted the worst.
- Any positive surprise could trigger a short term rally.
- Markets are so oversold all over the world.
- It's not the right time to create shorts.
- Look for pull backs and short covering Rallies from here on.
- Last 2 days fall has been mostly due to Reliance.
- Once Reliance stabilizes and bottoms out then the downside will be limited.
- Hdfc bank ADR was up 5% yesterday.
- Yesterday Bank Nifty throughout the day showed great strength and outperformed the Nifty.
- Nifty might Trade between 16100 to 16400 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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