- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- SGX nifty is higher & trading at 15900.
- Markets all over the World are witnessing a short covering rally.
- All the Markets are up and there's greenery everywhere.
- There's a saying that when markets go higher on bad news that's when it has bottomed out.
- Even after persistsnt Inflation issue pointed by Fed markets have been moving higher from last 4 trading sessions.
- Is the worst already discounted or more is yet to come?
- I don't think the worst is already discounted.
- This could again be a dead cat bounce like many bounces happened in the past.
- 16000 CE has highest open interest.
- For this expiry.
- So if you are long this is a good place to take off profits.
- Also after such huge gap up going long doesn't favour risk reward.
- There are 4 Trading days left for expiry.
- So the Theta decay would be quick.
- 15700 to 16000 opens up now
- Markets closed at 15700 on Friday.
- Whenever there are large breakouts they are mostly by huge gaps.
- As big players do not want retailers to participate.
- Nifty might Trade between 15700 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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