- U.S Markets closed 650 points higher on Friday.
- Nasdaq was up around 2%.
- This was a broad based rally in the U.S Market.
- This should give you a hint as to what the markets are anticipating.
- The day U.S Inflation was announced at 9.1% markets were jittery.
- For 2 trading sessions markets went all over the place.
- After that market started to stabilize.
- This shows market is expecting a reduction in Inflation numbers nect Quarter.
- Hence it is being discounted already.
- Markets work much more faster and discounts future anticipations quickly.
- Asian markets are higher.
- SGX Nifty is close to 16200.
- 16250 was the swing high for Nifty.
- Closing above 16200-16250 should open up the doors for 16400.
- U.S VIX crashed 6% on Friday.
- India VIX fell below 18 on Friday after nearly 3 Months.
- This shows there is not much downside left.
- Chances of market going higher are more slowly and steadily.
- FII's are still net sellers but the amounts have reduced.
- Previously they used to sell close to 3000-4000 crores on a daily basis.
- But now it has dropped to 1000 crores on an average.
- This itself is a positive sign for the Bulls.
- Nifty might Trade between 16080 to 16320 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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