- U.S Markets were down 1.5% Yesterday
- All Asian Markets are also Trading Negative.
- SGX Nifty Currently trading 1% Negative.
- Retail Investors are behaving Smart. They are selling at higher levels and buying at lower levels.
- From last 10 Days DII's have sold more than 7000 Crores.
- Retail Shareholding in HDFC Bank has also increased Significantly
- Number of retail shareholders in December 2019 quarter was 8.7 lakh whereas March 2020 quarter was 12.5 lakh, a jump of 40-45%
- Yesterday was a bit Unusual. All Nifty 50 Quality Stocks fell. In last wave of selling all Quality Stocks fall.
- It would be fair to say that Investors should not expect any returns in Year 2020.
- Corona Virus Pandemic will leave us with many Unsolved issues. (If this ever leaves)
- Government has Announced that Few Selected Activities would be allowed after April 20.
- These include Farming , E-commerce , Fisheries etc.
- Yesterday despite the Market falling so quick Put Option Premiums were not rising Proportionately due to Falling VIX.
- Today is Weekly Expiry & decay in Option Premiums would be faster.
- Option Buyers are advised to Trade in "23rd April" expiry Options.
- Time is in your Favour when you trade higher timeframe options specially on the days on Expiry.
- Expecting a Rangebound Market today as well with Slight "Negative Bias"
- Nifty is likely to Expire between 8700 & 9100
- 9300 Level on Nifty would act as a Big Resistance.
- We fell 3-4% Yesterday from that Zone very Rapidly.
- So today its likely to be "SELL ON RISE" market.
- Rallies closer to 9000 & 9100 could be sold into as risk reward turns in your Favour at these levels.
- PSU Banks & PVT Banks , Cement Stocks look Weak and can be used for Short levels for Intraday Basis.
- Markets not reacting to any Incremental News related to Corona Virus front.
- So don't link such News to Market and specially not for Trading.
- Sold 8600 Nifty PE & 9200 Nifty CE Yesterday.
- Sold 17000 PE &21000 CE on Bank Nifty Yesterday
- Will Square off / adjust Positions related to Market Movement Accordingly and will continue to focus on Option Selling today.
- Option Buying may Emerge in 2nd half as it Emerged Yesterday. So be Watchful for those as well.
- Consult your Financial Advisor & Trade on your own risk
- stockmarketadvisory.in
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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