- U.S Markets closed flat yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower.
- SGX Nifty is as flat as it can get.
- Yesterday market opened with a big gap up.
- After opening with a big gap up the momentum continued throughout the day.
- Market once again closed at the highest point of the day yesterday.
- Today is the weekly expiry for option contracts.
- Expecting a rangebound expiry.
- With slightly positive bias.
- Nifty IT Is back with a bang followed by Banks.
- Indusind Bank posted results yesterday and it beat Street estimates.
- FII's once again were net buyers yesterday.
- FII's are momentum traders.
- When they start selling they keep selling selling and selling.
- When they start buying they buy buy and buy.
- That's why traders always look at FII figures to get a clue regarding market movement.
- 16600 should be a good resistance for the day.
- Followed by good supports near 16500,16400.
- Nifty might Trade between 16400 to 16620 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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