- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mixed.
- SGX Nifty is down 30-50 points.
- Friday was a Disappointing close for the Bulls.
- Market opened with a big gap up and then eventually closed at the lowest point of the day.
- Trading is within a range of 16400 to 16800 for Nifty.
- Market is making big swings with huge Volatility.
- Similarly previously it was trading between 15750 to 16400 in May month.
- I expect market to trade within this range for this week as well.
- U.S jobs showed fantastic growth but still market closed lower.
- This shows the sentiment is very weak
- When people sell into Good news that means traders want to exit longs immediately.
- This happens in a Bear market scenario.
- In spite of Nasdaq crashing 2% on Friday CBOE VIX was flat.
- This indicates the panic and majority of negative news flow has been discounted.
- Expect RBI not to give any more shocks on coming Wednesday as we have the RBI policy coming up.
- Expectations are between 25 to 50 basis points hike.
- Anything above this will cause a negative sentiment.
- Reliance is the lone Hero for Nifty rally.
- It's up 14% in Last 2 weeks.
- Bank Nifty has weakened in short term
- Bank Nifty and hdfc twins have to catch up for market to rally from here.
- Nifty might Trade between 16450 to 16700 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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