- U.S Markets closed lower on Friday.
- Right now Dow futures are lower by 300 points.
- Asian markets are lower.
- SGX nifty is indicating 300 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Today it is with a huge gap down.
- Reason is U.S Inflation numbers.
- I was warning everyday U.S Inflation numbers could make or break the Market.
- Because in 2016 I faced similar situation and lost 23 Lakhs in 2 trading sessions.
- It took me 3 Months to recover the losses.
- Similar kind of set up was building this time around hence I expected big move after the Inflation data.
- Experience helps a lot in trading.
- Particularly Bad Experience teaches you very important lessons.
- At open there will be chaos and panic today.
- Those who shorted Puts will face the Heat and Market can head much lower.
- The only trade after such huge gap down is to Buy.
- One could buy Nifty near 15800 with a stoploss of 15750.
- I don't think this correction is just for today.
- This should continue and we can easily fall 10% from here.
- Nifty might Trade between 15750 to 16000 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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