- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now.
- Asian markets are higher.
- SGX Nifty is up 200 points.
- Yesterday we had a very flat session.
- Nifty traded within a small range of 100 points throughout the day.
- Markets were waiting for the U.S Inflation data to be out.
- Expected Inflation was 8.7% but it came at 8.5% which was much lower than expected.
- This led to a fierce rally in the markets all over the World.
- U.S VIX crashed 10% yesterday.
- This is because another event now is out of the way.
- Now 17500 becomes a very strong support after today's big gap up.
- Many market participants still not believing this rally and calling it as a Bear market bounce.
- I do not think so.
- Bull market has started in July and this is a continuation of the same
- FII's have been net buyers in previous 9 trading sessions.
- They are on a buying spree and once they begin to buy they usually do not stop.
- Today all the call writers would be in trouble.
- 17600 , 17650 , 17700 added good open interest yesterday.
- All these will be in trouble at open.
- This will push the Market higher.
- Nifty might Trade between 17600 to 17840 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