- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17900 right now.
- Yesterday markets opened with a huge gap up and traded flat throughout.
- After 3 pm there was a 50 points short covering in Nifty.
- Nifty closed at the highest point of the day Yesterday.
- When markets close at the highest point of the day & unless there are no significant negative news.
- Chances of a gap up opening on the next day are high.
- Similar when Market closes at the lowest point of the day.
- IT Index is likely to cross the Important level of 30,000.
- There is not a slight indication of reversal yet.
- When Market gives you a sign of reversal you should book profits on longs.
- When there are no such signs it's better to keep riding the long Positions.
- FII's are momentum traders.
- Once they start buying they won't go back.
- They continuously keep buying and buying and buying.
- 18000 CE has the highest open interest in monthly options.
- Once this level gets taken out there would be fireworks
- My simple message right now is not to assume anything.
- There are no signs of reversal yet
- Do not look to short this market.
- Look to buy at dips and ride the trend.
- Wednesdays have been quite volatile in the past
- So today you might get an opportunity to enter at low levels coz of Volatility.
- Nifty might Trade between 17700 to 18000 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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