- U.S Markets closed higher on Friday.
- Right now Dow futures are Flat.
- SGX Nifty is flat.
- Asian Markets are mixed.
- There wasn't any major newsflow over the weekend.
- Nifty on Friday retested 17800 and bounced from this level.
- 18000 is a stiff resistance from here on.
- On Friday bank Nifty closed above 40k significantly.
- Which is quite a Bullish sign for Banks.
- FII's were net buyers on Friday.
- DII's were net sellers.
- FII's shorts now stand at 78% .
- U.S August Inflation data is due tomorrow.
- Markets are likely to be jittery on the back of the Inflation data.
- Until the data gets announced expecting a sideways market.
- SBI has crossed it's 52 week highs & has been fresh all time highs on a daily basis now.
- For Momentum traders and trend followers this is the stock to watch.
- I strongly feel if Bank Nifty has to rally it should be with the help of SBI.
- Nifty might Trade between 17700 to 18000 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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