- U.S Markets closed higher Yesterday.
- U.S Markets have recovered all of their losses of Monday and Tuesday.
- Just Yesterday in a day.
- SGX Nifty is higher by 90-100 points.
- Asian markets are higher.
- Yesterday markets crossed the swing low of 17380 in the final hour
- That gave us an Indication regarding how Bullish the Market is.
- 17500 is the next resistance now.
- Bank Nifty is super bullish.
- In this Bull Market I expect Financials to lead the rally.
- Which we are already witnessing from past month.
- Tomorrow we have RBI policy so today last hour Bank Nifty might get Volatile.
- This is clearly a buy on dips market.
- Each dip is being bought and Market inches higher the next day.
- Yesterday I had adviced to go long near 17200 and this trade played out really well.
- Nifty in the first hour was negative and trading near 17200 but closed at the highest point of the day.
- 17200 is now a very major support for the markets.
- Next leg of rally will begin only once Nifty closes above 17500.
- Until then markets might again take their time & consolidate.
- Nifty might Trade between 17380 to 17580 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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