- U.S Markets closed mixed Yesterday.
- The day before Yesterday U S Markets rallied.
- We had a trading holiday that day in Indian Stock Market.
- Dow futures are higher right now
- Asian Markets are mixed.
- SGX Nifty is up 300 points.
- Right now it's trading near 17920.
- SGX Nifty Seems to be over reacting.
- We may not open that higher today.
- 17900-18000 are likely to be stiff resistance zones for the day.
- Market texture has changed now.
- Now markets open with a huge gap up or gap down.
- After such gap openings it's likely to be flat.
- Bank Nifty near 42000 is a good shorting opportunity.
- Banking stocks have rallied a lot in past 2 months.
- IT Stocks are eroding wealth.
- There's not much steam left in Banking stocks now.
- When everybody puts money only in few companies that's when it tops out.
- Now we are also trading at the higher band of trading range of 15200 to 18600.
- So going long is not worthy.
- I would be looking for shorting opportunities.
- Nifty might Trade between 17700 to 18000 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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