- US markets closed 2% higher Yesterday.
- Asian markets are also Trading Positive.
- SGX Nifty is almost flat as of now.
- Reliance was the Lone Contributor for Niftys massive rally Yesterday.
- Reliance Single Handedly contributed more than 100 Points for Nifty rally Yesterday.
- Markets took a sharp U- turn Yesterday from levels of 8900.
- This is a peculiar Range Bound Market & only those who focus on risk reward Trades make money.
- Short Covering in second half of Yesterdays market also took the Market higher & we closed nearly at the highs of the day.
- Yesterday was a TRENDING Market but Everything happened within the range.
- From last few weeks Bank Nifty was Significantly Underperforming the Nifty.
- Yesterday Bank Nifty caught up & alsmot Outperform the Nifty.
- Expecting a Sideways day today as well.
- Option Sellers coming to the table for Expiry makes it even more Difficult for Option Buyers to make Money.
- Option Buyers if they find any Trades are advised to trade April End Expiry Contracts.
- Premium Decay will not be there on those Contracts as Compared to 23rd April Expiry Contracts.
- NBFC's , Financials , IT are the Underperforming sectors.
- Pharma , Consumer Durables & FMCG are some sectors which will continue to Out perform.
- Although Markets are Trading within the large 500 Point Range of 8800-9300.
- Volatility with which Markets are moving within this is quite huge.
- Expecting Nifty to trade between 9000 & 9300 today.
- First half we may trade with a bit of Negative Bias due to some Profit booking in Markets & Reliance.
- Second half we may trade with a positive bias expecting some recovery.
- Sold 8850 PE & 9300 CE on Nifty & already sitting on 50-60% gains.
- Markets will need some big News or some big trigger to come out of this Range. Until then we can expect Markets to trade within this range.
- 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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