- U.S Markets closed higher on Friday.
- Right now Dow Futures are higher.
- Asian markets are higher.
- SGX nifty is up 150 points close to 16500.
- There's a pullback rally happening across all World markets.
- 15700 to 16400 was the range in which Nifty was trading violently.
- Today we are opening much above 16400.
- If we get a closing today above 16400 then 16800 opens up.
- This seems much likely seeing Global markets.
- U.S Markets have been rallying for last 5 trading sessions.
- Nasdaq is up 8% in last 3 trading sessions.
- In Bear markets pullback rallies are fast and furious and it's difficult to judge where it will stop.
- Rather than focusing too much for the long term.
- Right now 16800 is opening up sighting the trend.
- Bank Nifty has been outperforming since last 1 week compared to Nifty.
- This is mainly because IT index has been underperforming and dragging the Nifty.
- Expect IT index to join the rally.
- So in the short term market looks bullish.
- India VIX crashed 15% in last 2 trading sessions.
- Expecting in to close below 20 this week.
- June is a very long month with 5 weekly expirys without any public holiday.
- After Mayhem of May expecting markets to stabilize in June.
- Nifty might Trade between 16360 to 16600 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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