- On Friday , U.S Markets hit fresh highs.
- SGX Nifty on Friday closing was near 13330.
- Currently , U.S Futures are slightly down.
- Asian Markets are witnessing severe profit booking.
- Hang Seng , China , Kospi, Nikkei witnessing big profit booking.
- This is why SGX Nifty is currently trading at 13250 , near about friday market closing level.
- Bank Nifty & Nifty on Friday broke out in last half hour.
- Today if we get support from Global Markets and if Asian Markets start to recover then we might witness big rally today.
- FII's on Friday too were net buyers.
- DII's keep selling.
- 13000 is a strong support for Swing traders on Nifty.
- Bank Nifty support comes near 29500.
- Market is giving Intraday fall almost on a daily basis.
- These are the times to buy into the Correction.
- This is a buy on dip Market.
- Trend is so strong onto the up side.
- We will keep slowly inching higher.
- The pace will reduce but trend is intact.
- Nifty might Trade between 12200-12380 today.
- stockmarketadvisory.in
- Question of the day by Mr.Sunny.
- What is Oversubscription in an IPO?
- IPO is termed as Initial Public offeree.
- When a Company wants to raise funds from Market they come up with an IPO. People give money to the company and company in return gives shares to them.
- These people then become Shareholders of the Company.
- Company decides to raise a Particular amount from the Amount say for Example - 1000 crores.
- But People who are Interested to buy the shares are more than what the company needs.
- People apply shares for 50,000 crores.
- This is 50 times Oversubscription as demand is higher than Supply.
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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