- U.S Markets closed mixed Yesterday.
- Right now , Dow futures are higher.
- Asian markets are slightly higher
- SGX Nifty is up 20-30 points.
- Yesterday was a total surprise from the markets.
- Nifty was Indicating a gap down close 17750 but markets opened above 17800 and continued to move higher.
- Bank Nifty rallied 1400 points from the day low.
- Nifty rallied 250 points from the days low.
- All this happened against the Global trend.
- This isn't the first instance where this has happened.
- In September itself , when Fed Chairman expressed his concerns over Inflation , Nifty made a 300 point gap down.
- Entire loss was wiped off the next day.
- Bank Nifty is actually on steroids.
- It's just 200 points away from all time highs.
- All the Banks are flying.
- FII's sold for 1400 cr yesterday and DII's bought for 150 cr.
- There was a net outflow of 1250 cr and still the markets closed higher.
- IT Index crashed 3% yesterday.
- I expect that markets are factoring something ahead of time.
- Which we probably do not know yet or may know later.
- Only Indian markets rallying against global trend makes me say so.
- 17900 , 17800 PE have been sold aggressively.
- 18100 , 18200 CE have been written aggressively.
- Markets are pricing in a ranging expiry as of now.
- Nifty might Trade between 17900 to 18140 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