- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- SGX Nifty is down 80-100 points.
- Today we are likely to open with a gap down.
- There are Mid term elections going on in U.S.
- Due to which the Market is facing uncertainty.
- Yesterday there were signs of sell off.
- Broader markets in the last hour got sold off heavily.
- Huge gap couldn't sustain Yesterday.
- Throughout the day Nifty witnessed selling pressure.
- 18300 is going to be a the top for November series.
- This is a Bold call.
- As markets haven't been down a lot but I sense we won't be able to cross 18300 in November series.
- So currently I'm net short on markets with a stop-loss of 18350 on Nifty for closing basis.
- Bank Nifty outperformed Nifty Yesterday.
- It's difficult to say how long will such outperformance last.
- This one way buying in Banking stocks cannot keep going as already banking stocks are now at a higher valuations.
- Nifty going up with the support of Bank Nifty is not a healthy sign because when the tide turns it will wipe all longs.
- 18000-18200 is expected to be the expiry range today.
- Bulls should be celebrating if we hold on to 18k today.
- I had called a short term bottom when Nifty was at 17k.
- Now I'm calling a short term top.
- This is how trading should be.
- Changing view quickly based on facts and observations.
- Nifty might trade between 18000-18200 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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