- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly higher right now.
- SGX Nifty is flat.
- Last 2 days Market was been making fresh lows.
- This is generally the price action before the Fed event.
- Market factors in the negatives.
- If market kept moving higher before Fed event then a shock by fed would've taken market 1000 points lower.
- Market going in with not much expectations is always good.
- 16400 is a very important level.
- Expect Nifty to hold onto this today.
- Also this is a very important buy zone for Nifty.
- Bank Nifty near 36k would be worth a long.
- However keep proper stoploss in case if reverses.
- Financials might lead the next rally from here on.
- Previous Bull market IT led the rally.
- This time it's going to be Financials + some minor sectors having not much weightage in Nifty.
- There is quite disparity going on in broader markets.
- Some stocks keep going higher and many keep going lower
- Clearly money is chasing quality names in the Mid & small cap space.
- 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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