- U.S Markets closed higher Yesterday.
- Right now Dow futures are slightly lower.
- SGX nifty is indicating a 100 point gap up close to 16260.
- 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 13 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 25.
- India VIX crashed 5% yesterday and is now very comfortable below 20.
- Nasdaq has been outperforming now since past 2 weeks.
- Same with the Indian IT stocks as well.
- Indian IT stocks have bottomed out and are ready to fire.
- PSU banks are also on a roll.
- These 2 sectors should lead the recovery.
- First target of this pullback rally is 16400.
- If this is taken out then 16800 opens up.
- There won't be a one way move upwards there will be dips and falls in between.
- If I were you I wouldn't chase today's gap up.
- As we are sitting on a 400 point rally in past 2 trading sessions.
- I would wait for a dip and then enter.
- Nifty might Trade between 16100 to 16400 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