- U.S Markets closed lower Yesterday.
- Dow futures are flat right now
- Asian Markets are mixed.
- SGX Nifty is flat.
- We are likely to open very flat today.
- Yesterday I had suggested to buy the dip with a stop of 17400.
- This trade worked out exceedingly well.
- Markets have provided a sharp dip yesterday and closed at the highest point of the day.
- This indicates the trend of the Market.
- The trend is strong on the upside.
- Any dip is a buying opportunity.
- In spite of U.S Markets closing lower yesterday, U.S VIX fell.
- It fell about 3%.
- This indicates there is limited downside in the Market.
- 17400 to 17600 is the range for Nifty currently.
- Markets are expected to be ranging within this range.
- Trending move likely to begin only if any of the above level gets taken out decisively.
- Until then you have to trade the range.
- Trend is positive, so look to buy on dips.
- Nifty might Trade between 17420 to 17700 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