- U.S Markets closed higher yesterday.
- Asian markets are higher.
- SGX Nifty is higher 80-100 points.
- Markets are now firing on all cylinders.
- Yesterday last 30 minutes nifty scaled higher by 100 points.
- I mentioned yesterday that big move would come if 18700 is taken out.
- Once 18700 got breached , there was a huge rally.
- Markets looking excessively bullish right now.
- We do not know where will this momentum stop.
- Until then we just have to ride the trend.
- Keep trailing the stoploss and keep riding the trend.
- That's the way to go from here
- We have weekly expiry today and expirys generally can be volatile.
- Particularly after 2 pm Volatility is likely to increase.
- So it's better to close positions by 2 pm.
- The only worry I have is Gujarat state elections.
- Markets are going into the elections with huge optimism.
- Thats the only worry as of now as any disappointment could cause a big crash.
- Nifty might trade between 18600 to 18900 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
Comments