- U.S Markets closed lower Yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 30-40 Points.
- Yesterday we had a sort of short covering rally in our Markets.
- Markets found support near 18200 and recovered sharp.
- Now the range for nifty is 18200 to 18500.
- Nifty might consolidate in this range for a while.
- November expiry was at 18500 for nifty.
- December month we first moved towards 18900.
- Then fell back to 18350.
- Moved towards 18700 again
- Fell all the way to 18200.
- Now again close to 18500.
- On a close to close basis , Markets having gone anywhere.
- Expect December expiry somewhere close to November expiry.
- It should be plus or minus a percent from 18500.
- Bank Nifty on the other hand has been scaling fresh heights.
- Nifty is finding momentum because of Bank Nifty.
- Nifty might trade between 18300 to 1855p 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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