- U.S Markets closed flat yesterday.
- Right now Dow futures are slightly lower
- SGX nifty is higher & trading at 15750.
- Asian markets are lower.
- Markets all over the World are in a consolidation phase.
- Markets not reacting negatively to headline news is in itself a positive outcome.
- June also we are closing negative.
- Every month since November we are closing negative.
- This indicates a bear Market.
- The trend is towards downside.
- Yesterday the GDP expectations were -1.5%.
- But the actual figure came at -1.6%.
- Even then there was not much swing in U.S Market.
- Infact U.S VIX closed lower yesterday.
- India VIX refuces to fall gradually.
- Someday there will be huge gap up & India VIX will directly fall 10% at open.
- Not giving anybody any Opportunity to enter.
- The Large gap ups and gap downs have been another problem to tackle now.
- Last 2 days Nifty has been trading in a narrow range of 150 points.
- 15700 to 15850 has been the range.
- I would wait for a break below 15700 to short Intraday.
- Else would short near 15800-15850.
- I won't look to buy I would only look for shorting opportunity today.
- Yesterday Reliance was the only saviour for Nifty.
- Bank Nifty was quite weak.
- Nifty might Trade between 15500 to 15850 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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