- U.S Markets closed higher Yesterday.
- Right now Dow futures are higher.
- SGX nifty is indicating a positive opening near 15850 today.
- Asian markets are mixed.
- Price action and Global markets action depicts market is unwilling to fall
- There has been a lot of stability in our markets from past 10 trading sessions.
- Every dip is getting bought and Market is unwilling to go lower.
- Global markets as well are highly volatile but at the same time gradually moving higher.
- Most important is the VIX.
- U.S VIX is now below 27.
- India VIX if falls below 20 is a good sign.
- At least the Bulls should be happy as long as Market doesn't fall.
- Consolidation shows further momentum in the Market is due.
- Reliance after a huge fall on Friday stabilized yesterday.
- I sense we are poised for 16000 to 16200 positionally.
- And then we review how to go on from there.
- 15500 should be the stoploss positionally.
- Accumulate longs on dips as the Market will be highly volatile & won't move in a straight line.
- Bank Nifty shows much more momentum than Nifty.
- SBI and ITC are showing huge strength.
- This is the time to buy value stocks and not growth stocks
- Value stocks are those having a lower valuation compared to earnings.
- Growth stocks are the one commanding higher valuation is anticipation of a higher growth/ earnings catch up in future.
- Nifty might Trade between 15700 to 16000 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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