- U.S Markets closed flat Yesterday.
- Right now Dow futures are lower.
- SGX nifty is flat.
- Yesterday it was a downward trending day.
- Nifty found resistance near 15700 on Tuesday and then weakened from these levels.
- 15400 was a good support yesterday.
- So today the most important level to watch out is 15400.
- One can go long near this level with a 50 point stoploss.
- But if 15400 breaks and Market starts to weaken then 15200 opens up.
- Yesterday U.S Fed said that they are doing their best to control Inflation.
- Rate hikes are the only possible tools and U.S Stock Market Recession should continue.
- This wasn't a pleasant statement made by Fed.
- Yesterday U.K inflation data was announced and it was at 9.1%.
- This is the 40 year high Inflation number.
- Because of this Markets all over the World witnessed sell off yesterday.
- Today expiry should be range bound and don't expect big moves on either side.
- Midcaps and small caps are crashing like no tomorrow.
- Nifty is misleading as it's only 19% down from top.
- The real pain is in Mid and small caps.
- Most of these have fallen 30-50%.
- We have to get through the pain in order to witness good times.
- Nifty might Trade between 15380 to 15600 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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