- U.S Markets closed lower on Friday.
- In spite of good jobs data markets closed lower.
- U.S Markets were in green for the first half but 2nd half witnessed massive sell off.
- This shows Volatility is again beginning to creep in.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is down 50 points close to 17500.
- As I pointed out earlier I'm bearish on the markets.
- 18000 is the positional stoploss for shorts.
- Another reason for bearishness is Adani group stock prices.
- Once the bubble bursts here it could damage the sentiment of the Market.
- 17200 to 17600 is the short term range for Nifty.
- Expect markets to consolidate within this range for a while.
- Nasdaq has again turned into bearish zone.
- Due to this we are witnessing sell off in Indian IT stocks too.
- FII's after Fed event seem to be confused.
- Sometimes they sell sometimes they buy big and give mixed signals.
- That's the reason I don't expect a big trending move anytime soon.
- 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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