- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 50 Points.
- Yesterday it was a surprise.
- As soon as Markets opened it started to go lower.
- Markets stabilized in between but ultimately it kept moving lower.
- Nifty after coming close to 18500 spent lots of time near that zone.
- It tried to recover and settle.
- Global markets turned negative meanwhile.
- Dow futures kept crashing down.
- Also it was expiry so due to expiry related issues things aggrevate.
- 18500 PE had the highest open interest and as soon as this was taken out there was a one way fall.
- Generally the reaction of the event is given on the day of the event by the markets.
- Here it's not the case.
- U.S Markets have reacted to the Fed event yesterday.
- Still I feel yesterday it was some over reaction by our Markets.
- We should settle down and start to go higher.
- India VIX moved higher by 7% yesterday.
- Nifty might trade between 18300 to 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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