- U.S Markets closed lower Yesterday.
- Yesterday was 2nd consecutive day of negative closing in U.S
- Right now Dow futures are slightly higher.
- Asian markets are trading mixed.
- SGX Nifty is trading close to 17370.
- Today we are about to open flat / positive
- Yesterday was an intense volatile trading session.
- Nifty and Bank Nifty have made huge swings yesterday.
- This is because of Global issues.
- U.S - Taiwan issue has been escalating from past 2 days.
- Due to this markets are jittery.
- India VIX inched 6% higher yesterday.
- 17200 PE has the highest open interest.
- Traders must have sold it near 30-40rs so 17200-17170 should be a very strong support for Nifty
- Yesterday as well Nifty bounced back very close to 17200 itself.
- Bank Nifty is in a raging Bull Market of its own.
- SBI has rallied one way from 450 to 540 yesterday.
- 550 was the previous all time high of SBI.
- SBI has its results on Saturday and I am expecting Blockbuster numbers.
- Once 550 is taken out then there's no resistance on higher side.
- So please keep this stock on radar.
- Nifty might Trade between 17200 to 17450 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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