- U.S Markets closed slightly lower yesterday.
- Right now Dow futures are slightly lower.
- SGX Nifty is down 40-50 points.
- Nifty is likely to have a gap down opening today.
- Yesterday was a terrific expiry for Bulls.
- Usually on monthly expiry big moves are expected.
- As too many contracts expire on the same day.
- Yesterday it was the same story.
- As soon as nifty broke out of 18400 , there was a huge rally.
- In just 30 minutes nifty shot up 70-80 points.
- Now the Nifty future premium for December series is too high.
- Nifty future is trading near 18600-18650.
- Such huge premium indicates excessive bullishness in the markets.
- Yesterday sensex and bank nifty hit all time highs.
- Now , 18000 is a very strong support.
- We might have resistance at 18600 nifty spot.
- Once this is taken out then next resistance is only at 19k.
- The trend is bullish and markets are Bullish too.
- Nifty might trade between 18350 -18600 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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