- U.S Markets crashed Yesterday.
- Dow Jones closed lower by 600 points.
- Nasdaq was down more than 2%.
- U.S VIX rose 15% yesterday.
- These are not good signs for the Bulls.
- Asian markets are lower as well.
- SGX Nifty is down 100 Points.
- 17400 is level we are likely to open.
- Yesterday as soon as markets opened it kept going lower and lower
- There were just short bounces of 20-30 points but the price action was fully against the Bulls.
- First Nifty paused near 17600 and this got taken out.
- Then 17500 got crushed out towards end of the day.
- Both FII's & DII's were net sellers Yesterday.
- Markets all over the World have rallied over 15% in just 1.5 months.
- Ahead of Fed meeting this week there seems to be huge profit booking.
- Price action gives an indication that market is pricing in some future expected negative news.
- Big players know it before us.
- 17500 PE had the highest open interest for this week.
- Today this is likely to break at open and we can expect more downfall.
- 17400 & 17200 are the next major supports for Nifty.
- Bank Nifty is even worse.
- When it goes up it rallies one way and same on the way down.
- Nifty might Trade between 17200 to 17550 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