- U.S Markets crashed on Friday.
- Asian markets are down.
- SGX Nifty is down 400 Points.
- This is a serious & a large gap down.
- On Friday , Fed Chairman indicated pressure for the Economy.
- He also hinted recession in U.S is highly likely and rate hikes are the only option to curb the pressure.
- This has led to a massive sell off in U.S Markets.
- Dow Jones crashed 1000 points on Friday and S&P 500 and Nasdaq crashed % each.
- U.S VIX rose 15% on Friday.
- This indicates fear among traders.
- I expect U.S Markets to break the recent lows.
- The recent low was near about 3600 on S&P 500.
- Which is 10% lower from the current levels.
- Indian Markets might not fall as much as Global markets.
- But we will definitely not go higher.
- My view is Bearish right now.
- There may be short covering bounces which may surprise you in between.
- Also the Volatility will be extreme from here.
- Stoploss for Short trades is 18k.
- Downside targets are open and will be updated based on markets trend.
- 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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