- 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.
- Markets yesterday were highly volatile.
- Reason was the gap down and also weekly expiry.
- Weekly expiry issues trigger huge Volatility Intraday.
- Markets yesterday opened lower then recovered close to 17700 followed by another round of selling close to 17550.
- Dow futures from negative turned positive & Nifty again went to days high.
- From there closing lower close to 17600.
- So it was all over the place yesterday.
- Issue is now with U.S Markets
- U.S Markets are making lower lows on a daily basis now
- Yesterday as well U.S markets closed lower.
- With Global sentiment being so bearish so cannot keep going higher at a brisk pace.
- 18000 is a strong resistance from here on.
- Generally last week of the month are more Volatile
- Gamma effect also kicks in.
- Yesterday Bank Nifty gave the first sign of profit booking
- Financials led the Market in last 1 month.
- Now people seem to be booking profits .
- Time to be cautious.
- Nifty might Trade between 17350 to 17650 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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