- U.S Markets closed lower yesterday.
- All indices were down more than a percent.
- Most importantly, U.S VIX jumped 8%.
- Right now Dow futures are slightly higher.
- SGX Nifty is down 60-70 points.
- Yesterday the star of the show was Reliance.
- Yesterday as well nifty opened lower but the dip was bought into immediately.
- Reliance was up more than 3% and that took markets higher single handedly.
- There was slight profit booking in the last hour.
- Nifty fell by 50 points.
- Nifty is just 60 points away from all time highs.
- Bank Nifty has already crossed its all time high of 41k.
- Markets are highly bullish right now
- Any sort of dip is being bought into quite aggressively.
- Global markets turned weak yesterday on Covid issues.
- Indian Markets continued optimism.
- Thanks to Reliance Industries.
- I do not expect all time high to be taken out so easily.
- We might consolidate a bit before crossing all time high.
- Nifty might trade between 18400 to 18650 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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