- U.S Markets closed higher on Friday.
- Asian markets are mixed.
- Dow futures are lower
- SGX Nifty is higher by 90 points.
- Markets are on steroids.
- There is non stop rally from 16400.
- Markets made a low of 15200 and now have recovered 2000+ points.
- Nifty & Bank Nifty are above 200 DMA which indicates the strength in overall market.
- Markets rallying one way without consolidation in between is also not good
- As and when the profit booking arrives it will be very severe.
- Fed event is out of the way now.
- Now this week we have RBI meet which will be in focus.
- China - Taiwan news is floating around which I sense won't have any major impact as of now.
- If this thing escalates then we have to see the impact.
- 17000 is a good support and now resitance will come around 17300-17400 on Nifty.
- Markets texture has now been changed.
- Previously it was a sell on rally market.
- Which had huge Volatility going.
- Now its a buy on dip phase.
- Nifty might Trade between 17100 to 17400 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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