- U.S Markets closed lower yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- This flat SGX has become regular affair now but market not respecting SGX.
- Opening is not as per what SGX is indicating since many days.
- Yesterday nifty broke 18200 and traded below it throughout the day.
- This indicates bearishness in the market.
- The bearish view is for the current expiry itself.
- Next support would emerge at 18000.
- Momentum towards the upside seems lacking now.
- India VIX is below 15 steadily.
- Nasdaq has started to break into pieces.
- This has again triggered a sell off in Indian IT stocks.
- Bank Nifty outperformed nifty yesterday.
- Nifty underperformance is majorly due to IT stocks.
- Many ultra rich businessman are laying of staff and are anticipating a recession.
- Jeff bezos even said it openly about the same.
- Nobody knows in certainty what the future holds but going by current facts India is the least likely to face recession.
- We may follow Global markets and events in short term.
- Fundamentals would Take over later
- Nifty might trade between 18000-18300 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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