- US markets closed Flat yesterday.
- Asian markets are sort of mixed.
- Dow Futures are flat today Morning.
- SGX Nifty is Trading around 13170 now.
- Yesterday Markets were Volatile but where within a range.
- Nifty hit a low of 13k after 1 pm but Managed to recover by EOD.
- This Volatility is likely to continue going ahead.
- Burger King IPO has opened Yesterday and here are my Views about it.
- Positives:
- Strong brand with a Strong International Presence.
- Revenue & Growth Visibility in coming years and our Generation is shifting to fast food and Junk Food.
- Food Sector never goes out of Market , Demand Is always available.
- Negatives :
- Loss Making Company even though EBIDTA is Positive.
- A bit Expensive Valuations but all the companies in this sector trade at expensive Valuations only.
- Verdict : Must Subscribe for Long Term
- Those who are looking for listing gains can also Subscribe for the same as I do not think it should list below issue price.
- I believe as an Investor you should look at Future prospects and not at current prospects. Future prospects look bright for this Company.
- In worst Scenario it will not list below 6-8% of issue price and in stock Market you have to take this risk.
- FII's bought more than 360 crores Yesterday too.
- FII's na raaj ma , Market Maja ma. ( markets rallying as long as FII buying)
- DII's continue to book profits at higher levels.
- Expecting a Rangebound trade today.
- 13000 PE on the downside has highest open interest and 13200 CE on the upside has the highest open Interest.
- So most likely we should be trading within this Range.
- Nifty might Trade between 13000 to 13220 today.
- stockmarketadvisory.in
- Today's Question of the day was my View on Burger King IPO itself.
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
Comments