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Pre - Market Analysis (3rd Feb 2023)

1. U.S Markets closed higher Yesterday.
2. Right now , U.S Futures are lower.
3. Asian markets are higher.
4. SGX Nifty is up 50-60 Points.
5. Yesterday it was a Volatile intraday trading session.
6. Markets have been trading with huge Volatility for last couple of days 
7. Eventually closing flat.
8. Markets are consolidating but with severe Volatility and swings.
9. Apple has announced their results and the stock is down 3% Pre Market.
10. Due to which the Nasdaq futures have been trading lower.
11. Adani group stocks have lost more than 10 lakh crores of market Cap since the Hindenberg report.
12. I always felt Adani stocks were highly overvalued.
13. I used to caution as well to stay away from buying these stocks.
14. Now , I advice to stay away as well.
15. These are falling knives.
16. Retailers see that the stock is available at 40% of what it used to be and they buy.
17. The stock could easily half from here.
18. There are many other pockets where you can apply your knowledge and make money.
19. Focusing on trending topics in stock markets is usually a bad idea.
20. Markers are now waiting for this Adani fiasco to end so that it can go higher.
21. Nifty might trade between 17500 to 17850 today.


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