- U.S Markets closed lower Yesterday.
- After 4 consecutive massive upward days yesterday there was a bit of profit booking.
- Asian markets are trading lower.
- SGX Nifty is trading close to 17300.
- Today after many days we are about to open flat / negative.
- Last 3 trading sessions we opened with huge gap up on daily basis.
- FII's have turned net buyers.
- They have bought for over 2000+ crores yesterday.
- DII's as usual do opposite of what FII's do.
- DII's booked some profits yesterday.
- Consolidation is the need of the hour for Bulls.
- Markets cannot keep going higher at such rapid pace.
- If it keeps going higher at this pace , as and when fall comes it will be severe.
- We have RBI event coming up this Friday
- It's better if we don't go into the event with huge optimism.
- India VIX was up 6% yesterday after many days.
- Bank Nifty is now close to 38000.
- Just before a Month I was hearing about recession everywhere.
- The term recession has been wrongly interpreted.
- There are 2 terms , recession and slowdown.
- Right now we are witnessing slowdown in Global economy and not recession.
- Recession is where more than 50% of the Corporates lose their Jobs.
- Nifty might Trade between 17200 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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