- U.S Markets closed flat Yesterday.
- Right now Dow Futures are mixed.
- Asian markets are mixed.
- SGX nifty is up 70-80 points.
- Yesterday the U.S Markets recovered from lows .
- There was a speculation regarding FED interest rates.
- Some FED people were indicating of a 75 basis points rate hike.
- But FED minutes indicated only a 50 basis point hike.
- This led to a relief rally in the Market.
- Almost on daily basis we are opening with a gap up.
- During the day there's huge FII selling market breaks the previous day low.
- Today is monthly expiry and Volatility is going to be extreme.
- Yesterday Nifty might have closed slightly lower but there was huge pain in mid and small caps.
- Mid caps closed lower by more than 2% yesterday.
- Advance Decline ratio was 1:6.
- For every 1 stock advancing 6 stocks were declining.
- When there is no support from broader market the rallies won't sustain.
- This Market fall is a repeat of 2018.
- Where index won't fall much but mid and small caps keep crashing
- It's like a slow poison injected into the Market.
- Nifty might Trade between 15900 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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