- U.S Markets closed higher Yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is indicating a flat opening.
- It's a good news for the Bulls that U.S Markets showed resilience yesterday.
- Nasdaq underperformed Yesterday.
- In last 12 sessions Nasdaq is down 12%.
- After a relief rally in IT Stocks again pressure is being exerted.
- India VIX was up 10% yesterday at one point of time.
- After 3 pm there was a crash in India VIX & option premiums got eroded.
- 17200 to 18000 is the larger range for Nifty.
- Smaller range won't work in this market coz of huge Volatility.
- Expecting a Consolidation in the short run.
- Generally when there is huge Volatility market either tops out or bottoms out.
- Chances of market topping out at 18k is quite high right now.
- Bank Nifty is however outperforming Nifty.
- It's more likely that Bank Nifty could outperform from here.
- Reliance looks strong and once it takes out all time high it would be heading to 3000 levels.
- 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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