- U.S Markets closed higher on Friday.
- Dow Jones closed 1000 points higher.
- It was a huge short covering rally.
- U.S markets have now recovered more than 10% from their 52 week lows.
- This is a great recovery considering global cues.
- Right now Dow futures are slightly lower
- SGX Nifty was above 18k over the weekend.
- From last 3 trading sessions , SGX Nifty showed an opening above 17900.
- But on all the occasions we have opened close to 17800.
- Will we open today exactly what SGX Nifty has been suggesting.
- 18000 would be a resistance for this expiry.
- Aggressive calls have been written plus it's a round number.
- Round number acts as resistances / supports.
- Bank Nifty was outperforming for whole of October expiry.
- Last 2 trading sessions Bank Nifty has been witnessing serious underperformance.
- This is dragging Nifty too.
- Reliance is keeping Nifty in check.
- If we open below 17800 today and cross it during the day then we would be heading towards 18k.
- The pace of markets has been reduced considerably.
- Markets have been trading in a narrow range in Intraday.
- 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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