- U.S Markets closed flat yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX nifty is indicating 100 points gap down.
- This seems to be a action replay of yesterday.
- Yesterday as well we opened with same gap down
- Defended the lower range of 16400 and moved higher.
- Today as well we are again retesting the lows as per SGX.
- Not much has changed within 24 hours so I believe lows to to defended today.
- 16400 should be kept as a stoploss for long positions.
- Once this is taken out then expect more downfall.
- There is high open interest in all the call options.
- Put options below 16300 have added good open interest as well.
- So the range seems to be pretty clear.
- Bank Nifty has showed strength yesterday and it's likely to continue.
- 35000 is a strong support.
- Yesterdays low is to kept on track as it offers a great buying opportunity.
- There will be a lack lustre price action so be modest and take small gains.
- Nifty might Trade between 16380 to 16600 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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