- U.S Markets closed lower Yesterday.
- Right now Dow futures are flat.
- Surprisingly, SGX Nifty is higher by 50-60 points.
- In spite of Global sentiment being bad , SGX Nifty is higher.
- Yesterday it was a stable expiry.
- Nifty traded within a small band of 100 points throughout the day.
- Markets trading within a band and with less Volatility is always a healthy sign.
- India ViX crashed below 16 yesterday.
- SGX Nifty might be higher because Hong Kong market is up 3%.
- China markets are up 5%.
- This is providing a positive boost to SGX Nifty.
- Expect markets to consolidate within a band.
- There's not much news flow awaited.
- Nor there are any events in sight.
- Bank Nifty was the star of the show yesterday.
- Yesterday even I was surprised to see such outperformance by Bank Nifty.
- Range for Nifty is 17950 -18200.
- Bank Nifty is 41000 to 42000.
- Trading at the boundaries of the range provides good risk reward Opportunities.
- Nifty might Trade between 17950-18200 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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