- U.S Markets were closed yesterday.
- Right now Dow futures are slightly higher.
- Asian markets are mixed.
- SGX Nifty is flat.
- Yesterday was a Bullish Indian market.
- This Bullishness persisted inspite of flat Global cues.
- Markets closed almost at the highest point of the day Yesterday.
- This is surprising because when I see data it shows otherwise.
- FII's short position is 81%
- In spite of having such huge shorts HDFC twins outperformed yesterday.
- Data shows FII's have net sold in cash market.
- Global markets were flat.
- All this events made yesterday rally a bit puzzling.
- As everybody knows Indian markets are high beta markets.
- We go up fast and come down faster.
- 17500 PE has added huge open interest yesterday.
- 17600 PE also has decent open interest.
- Traders are expecting 17500 to act as a strong support.
- Resistance to come near 17800.
- Within this 300 point range markets are likely to be volatile.
- 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
Comments