- U.S Markets closed higher on Friday.
- Right now Dow futures are lower.
- SGX nifty is indicating a flat Opening near 15700.
- Asian markets are lower.
- July month also begins with FII selling.
- FII's have sold around 2500cr on the first trading day of July.
- Another record is FII's short position stands at 85% in Index Futures.
- I haven't seen such bearishness not even during Covid times.
- As long as FII's hold such huge shorts there is no significant scope of turnaround in the Market.
- I keep hearing lot of crap like Retailers will take the markets higher.
- FII's will surely join retailers etc.
- This is just a crap , FII's are more informed people and smarter.
- These have huge capital and networks.
- These people know lot more than an amateur retailer & news reaches first to these informed people.
- So I expect much more tough times ahead in the Market.
- Fridays price action was again quite volatile & dangerous.
- Nifty fell all the way to 15500 & then revovered with quicker speed.
- Now even large cap stocks like Reliance also facing the heat.
- It was down 7% on Friday.
- Nifty might Trade between 15600 to 15900 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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