- U.S Markets closed slightly higher Yesterday.
- Right now Dow futures are lower.
- SGX nifty is indicating a slight positive opening near 16030.
- 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 12 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.
- FII's selling has reduced to 364 crores yesterday.
- This is quite less compared to what they used to sell earlier
- Earlier sell figures were not lesser than 2000 crores at any point of time.
- DII's bought for 1460 crores yesterday.
- We should be happy as long as FII's don't sell too much.
- Intraday volatility is increasing day by day.
- Intraday volatility and India VIX should go below 18 for markets to subside.
- Nasdaq showing remarkable resilience.
- Expect Indian IT sector to move upwards from here.
- In the short run I sense our IT sector has bottomed out and I have taken many long positions on the same.
- Today's expiry is likely to be flat closing with huge Intraday volatility.
- Nifty might Trade between 15860 to 16080 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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