- U.S Markets closed slightly lower yesterday.
- Asian markets are slightly lower too.
- SGX Nifty is down 30-40 points.
- Yesterday was a highly volatile day trading day.
- Whole of August markets were trending.
- But this last week markets have been hugely volatile and making large moves on daily basis.
- Unless this Fed event subsides expect markets to be the same way.
- India VIX was higher yesterday too.
- Yesterday markets broke important support of 17500 but closed above this level towards the end of the day.
- Adani group stocks were hit badly yesterday.
- There was a report from leading credit agencies that said Adani group stocks are debt laden.
- Debt is overpowering in this group and that could cause a damage financially.
- Adani is also competing Reliance is few of the businesses and that could bring a price war.
- It's better not to discuss Adani group stocks as the valuations are sky high and trading there is next to impossible.
- It's news driven stocks.
- My experience with news driven stocks particularly when they keep hitting fresh highs says just to be away from this counter.
- Bank Nifty after 2 bad days of crash stabilized yesterday.
- Expecting consolidation with huge Volatility today as well
- Nifty might Trade between 17400 to 17700 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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