- U.S Markets closed lower yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 Points.
- Today we are likely to have a gap down opening.
- Reason is the U.S FED policy.
- Yesterday, the Fed Chairman has increased the rates by 75 basis points.
- Market expectations were 100 basis points.
- This was a third straight increase of 75 basis points to tackle inflation.
- Inflation in U.S has been above 8% Consistently since past many months.
- FED has to be ultra aggressive in tackling the same
- FED was also a bit Hawkish and commented that there would be more rate hikes in future.
- U.S markets were highly volatile and we're moving all over the places.
- Finally closing lower.
- 17400 to 18100 is the range for Nifty.
- This is a broader range
- Within this range market has been making huge swings
- Indian Markets are outperforming U.S Markets.
- 17500 PE has the highest open interest today.
- This would be a good support for today.
- Resistance to kick in near 17800.
- Nifty might Trade between 17500 to 17800 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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