- U.S Markets closer lower yesterday.
- Right now Dow futures are slightly higher.
- Surprisingly SGX Nifty is indicating a gap up today.
- Bears would love to sell this kind of gap up.
- In such a bearish trend gap ups tend to be sold into.
- Gap downs tend to be bought into.
- Yesterday Nifty opened with a large gap down.
- This gap down got bought into.
- Market was firm throughout yesterday after a large gap down.
- India VIX had crossed 20 Yesterday at open.
- IT Index after a large rally again seems to be under pressure.
- This year isn't a trending year for the markets.
- This is a complete Consolidation Year with huge sideways movements.
- In this market one cannot trade each and every day and also all the time.
- That becomes very much difficult.
- Whenever you say expect a 1000 point trade on index you enter take profits and sit on the sidelines.
- This is the best way to approach this kind of high volatile markets.
- I expect markets to be bearish over the short term.
- 17200 is a good support for Nifty & this got held yesterday.
- 17500 is a good resistance.
- Break of any of the two levels would lead to a trending move.
- Nifty might Trade between 17200 to 17500 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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