- U.S Markets closed lower yesterday.
- Asian markets are lower.
- SGX nifty is down 200 points.
- So there is a huge gap down in store.
- Yesterday we opened with a huge gap up had a bit of short covering as well.
- Markets went close to 17k but as soon as this happened huge selling again started.
- Nifty just closed flat after trading 300 points higher at one point of time.
- This fall is majorly due to Inflation and rising Interest rates.
- Yesterday , Bank of England raised the rates by 25 basis points.
- U.S is set to report highest inflation numbers in coming quarter as well.
- Plus , there have been reports of U.S entering recession post this event.
- All this panic has led to a collapse in the Market.
- The Volatility currently is unbelievable.
- Yesterday Nifty touched almost 17k and today it's showing 16400.
- So a 600 point swing in 1 day is impossible to handle.
- Yesterday majority of people lost huge sum of money in expiry trading.
- I had stopped expiry trading long ago because of this Volatility so at least I'm a bit safe.
- Many traders have already gone out of the market.
- Citing this Volatility and Uncertainty.
- From November 2021 the markets are behaving this way.
- Random and erratic price action with huge gap ups or gap downs.
- So right now trading with minimum position size is advisable.
- Nifty might Trade between 16400 to 16800 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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