- U.S Markets closed mixed Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are mixed.
- Indian Markets are highly volatile between 16750 to 17400.
- Within this range markets have been making wild swings.
- Yesterday Nifty did retest 16950 and bounced back sharply from there.
- Yesterday it was a sharp recovery and Nifty closed at the highest point of the day.
- Today we have weekly expiry.
- Generally weekly expirys are volatile.
- 16950 to 17200 is the range for expiry.
- In case if we break any of the levels then we might get a larger move during the day
- HDFC Bank will be delivering the results this weekend
- Banking stocks are expected to deliver good results
- Yesterday both the IIP and Inflation data came at negative.
- Inflation rose to 7.4% and Production also has recuced.
- So it's a double whammy on both fronts .
- Next leg of move will be decided by the results of the company's.
- Until then market is likely to stay sideways.
- Nifty might Trade between 16950 to 17200 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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