- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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