- U.S Markets closed lower Yesterday.
- Dow Jones & S&P 500 crashed 4% each.
- Nasdaq crashed 5% Yesterday.
- SGX Nifty is indicating a 300 point massive gap down today
- Asian markets are lower.
- Reason is the U.S Inflation data which got released yesterday.
- Inflation data arrived was at 8.3% .
- This Data was higher than the expected data.
- Market wasn't expecting Inflation data to be above 8%.
- But this data shocked the markets.
- Yesterday Dow futures were higher till Inflation data was announced.
- They were higher by 200 points.
- As soon as Inflation data got announced it spooked the markets
- U.S VIX rose 15% Yesterday.
- Right now Dow futures are slightly higher.
- 17800 is a strong support for Nifty.
- It this holds we can expect fall to reduce.
- Fall shouldn't be drastic if Nifty holds 17800.
- Yesterday many traders had longs as Nifty closed above 18k.
- All these traders will be chopped off due to this gap down.
- 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
Comments