- U.S Markets closed higher Yesterday.
- Right now Dow futures are Flat.
- SGX Nifty is higher by 80-100 points.
- Asian Markets are higher.
- Today we have a major event.
- U.S Inflation data for August is to released today.
- Though I think markets would not react much on this data.
- This seems more likely to have been factored in by the markets.
- SGX Nifty is indicating a gap up above 18k today.
- 18k is an important zone for Nifty.
- This strike has highest open interest in monthly & weekly options.
- Plus this is also a psychological resistance level.
- Closing above 18k will open door to 18200.
- 17800 is a very important support zone for the markets now.
- Bank Nifty is outperforming Nifty
- Expect Banks to continue outperformance going ahead as well.
- Nasdaq is also higher in U.S markets.
- This will boost the IT stocks here in India as well.
- Nifty might Trade between 17900 to 18100 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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