- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher by 140 points.
- Asian markets are mixed.
- SGX nifty is indicating a 50-60 point gap down.
- Yesterday was a mayhem over all the asset class.
- Stock Market , Commodity and Crypto all fell.
- Yesterday Nifty has closed near the lower end of the range.
- 15750 was the Russia - Ukraine low.
- This low was defended in the Month of May as well.
- Yesterday this level got broken.
- Last hour recovery helped market to close above this level.
- U.S VIX was up 20% yesterday.
- India VIX inched 15% higher yesterday.
- VIX inching higher is a worrying sign.
- Right now sentiment is extremely bearish.
- There is huge call writing from 15800 to 16200.
- There's no significant Put writing.
- So we are in a highly oversold territory.
- For any rally from here we need some positive triggers.
- So that shorts are out and Market rallies.
- Right now that doesn't look likely.
- We may continue to be in oversold territory for more time.
- Once we get closing below 15700 then we will have more downfall.
- Nifty might Trade between 15600 to 15900 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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