- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher.
- SGX Nifty is down 150 points.
- Asian markets are lower.
- Yesterday there was a Fed event in U.S Markets.
- General expectations were an increase of 75 basis points
- Exactly the same happened and at 11.30 markets recovered sharply from lows
- Then at 12 as Fed governer started speaking , it was a complete Hawkish statement.
- This induced lot of volatility and also selling pressure.
- U.S Markets closed at the low point of the day.
- Dow Jones fell 500 points.
- Although all this happened, U.S VIX didn't shot up
- It stayed flat.
- HDFC Bank ADR was down 2% yesterday.
- This could bring pressure in Bank Nifty.
- However I feel yesterday was an over reaction in U.S Markets.
- Markets should stabilize from today.
- 18000 is a strong support for the day.
- Previously as well many times Nifty went above 18k but couldn't sustain.
- Nifty might Trade between 17900 to 18150 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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