- US markets closed 10% lower Yesterday during which the returns under Trump have become Negative for Dow.
- PM Narendra Modi to address Nation today at 8 pm.
- We have been Outperforming all Global Markets in terms of Underperformance as our Government is not providing any STIMULUS any relief etc.
- Crude Oil has dropped from 70$ to 20$. India is a Big Beneficiary as we are Importers of oil. Government should easily benefit the Citizens due to the same.
- SGX Nifty hit a high of 8477 today morning but now lost more than 300 points.
- Now SGX trading below 8200.
- Don't Buy , Don't Buy , Don't Buy. Saying this since Nifty was near 12000. Saying this now as well.
- Nothing matters in these Markets. No levels , No technical Analysis .
- Buying Options today would be very high risk. Premiums are already high plus today is Expiry , any short covering move will decay the Premiums very Quick.
- So today I am just going to sell Options. As time is in my Favour and this appears the best Instrument to trade in these sort of Markets.
- On the Days of Expiry there are Chances that Markets might Consolidate and keep chopping around. This would also lead to high Premium decay. So maintain caution while Trading today.
- High Quality Stocks are also coming under selling Pressure now. So Shorting Opportunities can be explored here as the fall might be more in coming days.
- One can consider buying Next Week Option Contracts (26th March) to trade as the Time is in your Favour without any Deadlines.
- Not Advisable to Trade in Futures Segment. Everything already trading at huge Discounts. No proper risk - reward visible there.
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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