- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is trading flat.
- Yesterday was a flat session
- Nifty was trading close to 18600 for most of the day.
- It was almost a consolidation throughout the day.
- Throughout the day nifty was trading in just 50 point range.
- Nifty has now found multiple supports near 18600
- 18600 should be a good support for now.
- There are many events and also RBI policy in store.
- So due to Volatility markets might hunt stoploss.
- Traders need to keep in mind the Volatility and Gamma effect.
- It's advised to go in with low volumes at first.
- Not to go with heavy volumes at first.
- 18600 to 18900 is the range for now.
- Markets might consolidate within this range
- Bigger trade would emerge only if either of these levels gets taken out.
- Nifty might trade between 18550 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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