- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are higher.
- SGX Nifty is close to 17300.
- Big Big gap up on cards today.
- Yesterday U.S Inflation numbers were announced.
- Expectation was 8.1% but they came at 8.2%
- Dow Futures fell 600 points as soon as this news broke out.
- As soon as U.S Markets opened this big gap down was bought into.
- Dow Jones recovered from -600 to +850 points.
- This is some rally.
- My sense is Markets may have factored in this negative by now
- Hence the Yesterday low of 3500 on S&P 500 should hold at least for a month now
- Markets bottom out much before the actual event.
- Also Markets factor in negative news much before the event as well
- This is the nature of stock market.
- One has to understand the Market language in order to make money
- Worst Inflation numbers of 40 years and still markets rallying.
- This is the beauty of stock market.
- Markets react differently in various situations.
- 17400-17500 is the resistance zone.
- Will look to build fresh once this gets broken.
- 17200 to 17500 is the range for Nifty now.
- Nifty might Trade between 17200 to 17500 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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