- U.S Markets closed lower yesterday.
- Asian markets are mostly mixed.
- Dow futures are flat right now.
- SGX Nifty is down 50-70 Points.
- Yesterday it was a volatile trading session in U.S Market.
- It was the Fed policy day.
- Fed as expected didn't give any surprises.
- It was expected that they would raise interest rates by 50 basis points.
- Fed did exactly the same.
- They increased rates by 50 basis points.
- Commentary relating to Inflation was also most important.
- This Commentary gives an idea as to what Fed thinks about the Economy.
- What all steps they might consider taking in future etc.
- FED according to me didn't sound much Hawkish relating to Inflation.
- The Commentary was on a slightly Dowish tone.
- Markets went all over the places.
- Finally settling lower.
- So all the events have been completed now.
- There are no planned events that remain for December series.
- India VIX is now at 52 week low.
- It has inched below 13.
- Nifty might trade between 18500 to 18800 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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