- U.S Markets closed lower Yesterday.
- Right now Dow futures are slightly higher.
- SGX nifty is indicating a 50 point gap up close to 16130.
- Asian markets are mixed.
- I do not know why SGX Nifty is up today.
- This might be due to cooling off in Crude Oil prices.
- Crude oil is now close to 100$ / barrel.
- Falling Crude Oil prices is positive for our Economy.
- As we are the highest importers of oil.
- Also the markets have been trading in quite narrow range.
- 16000 to 16250 is the range for Nifty.
- Volatility has reduced and also option premiums are at very low prices.
- One bigger move could easily make 2-3X gain in option prices.
- 16000 is an important support for Nifty.
- 16200 is likely to act as resistance.
- Within this range expect Nifty to be volatile.
- Bank Nifty looks quite solid compared to Nifty.
- TCS underperformance is effecting IT sector.
- Do not much downside from here in IT.
- Nifty might Trade between 15980 to 16220 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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