- U.S Markets closed mixed yesterday.
- Asian markets were mixed yesterday.
- Right now , dow futures are lower.
- Asian markets are also lower right now.
- SGX Nifty is down 40-50 Points.
- Yesterday the star of the show was IT index.
- IT index was higher more than 2% yesterday.
- Now the money is shifting from Banking stocks to IT stocks.
- All this while it was exactly the opposite.
- I sense that markets have run up too fast too quick.
- A minor correction / profit booking would be healthy
- Markets moving in a straight line is always unhealthy.
- As and when the correction comes it could be destructive.
- Minor profit booking helps the market texture going forward.
- India VIX is significantly below 14 now.
- Yesterday there was a bit higher Volatility than normal days.
- Markets top out or bottom out with Volatility.
- 18900 should be difficult to cross in the short term.
- Nifty might trade between 18700 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
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