- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 200 points
- This is a huge gap down.
- Yesterday many traders sold huge put options from 17500 to 17700.
- These people will have trouble at opening itself
- Nasdaq has fallen for 7 consecutive trading sessions.
- This is a scary fall.
- Indian markets have been outperforming in spite of such terrible global cues.
- This was my major worry as this cannot keep continuing for long
- When Market falls it will be ferocious as well.
- 18000 is the Market top till Diwali.
- Im Positioning my trades based on the same analysis.
- Yesterday Reliance supported Nifty.
- Else position of Nifty would've been worse
- Nifty has been trading between 17450 to 17700 for a long time
- Closing below 17450 today would lead to more pressure
- U.S Markets traded with huge Volatility yesterday.
- Expect Volatility to shoot up in Indian markets as well.
- 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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