- U.S Markets closed higher Yesterday.
- Asian markets are mixed
- Dow futures are slightly lower right now
- SGX Nifty is as flat as it can get.
- Yesterday market opened with a mild gap down.
- That gap down was immediately bought into.
- Markets were steady throughout the day.
- Until 2 pm there was slight profit booking and Nifty came close to 16500.
- As soon as Nifty touched support of 16500 there was a shap recovery.
- Nifty closed above 16600 yesterday.
- I keep listening that 16600 is achieved now market will fall
- 16700 is the last target after that it won't go higher etc
- I don't follow all these targets stuff etc.
- In an uptrend no resistance works.
- In an downtrend no support level works.
- Markets price action will tell you when it starts reversing
- Right now there's no such sign.
- Banks are leading this rally with slight participation from all sectors.
- ECB has raised interest rates by 50 basis points yesterday.
- Still there was no panic or reaction from the market.
- When Market starts ignoring negative news that means it is super Bullish sign.
- Nifty might Trade between 16500 to 16800 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
Comments