- U.S Markets closed lower yesterday.
- When we were trading Dow was up 300 points
- All these gains have been given up during trading hours in U.S.
- Asian markets are lower.
- SGX nifty is below 16k.
- Right now Dow futures are flat.
- Yesterday Nifty for a moment broke 16k.
- In the final hour we witnessed relatively strong short covering rally.
- Yesterday we had the U.S Inflation numbers and they were higher than expected .
- 8.1% was expected but it came in at 8.3%.
- Because of this U.S Market cracked yesterday as well.
- 16000 PE has the highest open interest both in weekly as well as monthly so these Put writers should face trouble today.
- Every minor bounce is being sold into
- Mid and small caps have been butchured and this is just the beginning.
- This is the beginning of a bear Market and these stocks will be taken to cleaners.
- Portfolios have been taking s big hit in recent times.
- Momentum is strong towards downside and any minor bounce is being sold into.
- The hope was U.S Inflation numbers could turn around the game but it was also a big disappointment.
- This May month Nifty touched 17400 and fell all the way to 16000.
- This is a 1400 point decline in less than 9 trading sessions.
- Yes the markets are oversold and they could continue to be oversold for longer duration.
- Same when they were overbought for whole of 2020.
- Personally I like these corrections because it corrects a lot of froth , misvaluations and stocks come back to valuations they deserve or even lesser.
- All the fancied IPO companies are down by 50-60% each.
- Nifty might Trade between 16000 to 16200 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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