- US markets closed 2% Negative Yesterday and fell for the Second Straight Day.
- Asian Markets are Trading Negative.
- SGX Nifty indicating a Weak Start & Trading near 9200.
- Fed Chairman Mr. Jerome Powell commented Negative about the Economy.
- Trump pushed for Negative Interest Rates but Fed Chairman Denied it to be Implemented currently.
- 20 lakh Crore STIMULUS Package Gains wiped off in less than 24 hours of Announcement.
- Markets do not seems to be happy with details of Economic package details by FM.
- Personally , im not impressed with the Substance of the Package. It's good for some Sectors but there is no direct benefit.
- Total Package Details should be Announced on a Single day itself.
- No Point of Holding Press Conference for 5 consecutive days and giving out details each and everyday when there is not much substance in that.
- FIIs were net Sellers in the Cash Market Yesterday & it seems they were also not Impressed with the Package Announcement & Susbtance.
- Ex : TDS ( Tax Deduction at Source )rates have been slashed in this package which would ensure 50,000 Crores of Liquidity in the System. Sounds Good but this is not a part of Economic Package at All. None is benefitted in any direct way.
- It's like giving from one hand and taking from another.
- Figure looks big of 20 lakh crore but material in it is not upto the Mark.
- Yesterday Markets opened by a Big Gap up near 9650 but Couldn't Sustain and immediately entered back into it's previous range.
- May Month has been a severe Consolidatiom Month.
- Markets are rigid to come out of 9000 to 9500 Zones and I expect this to continue for some more time now.
- Yesterday the Markets were so Optimistic about the Press Conference that Premiums were Trading so high.
- Even Nifty 10400 Weekly Expiry Option was trading at ₹2 when Nifty was near 9350.
- Even if Nifty would have hit upper Circuit today it would have ended at Zero.
- I do not miss Opportunities like these and sold the same to get some easy Money and today it will open closer to Zero.
- Do not Understand the Logic why people buy these Options because my sell order got accepted because somebody bought the same.
- Those who see Options Buying as a Lottery ticket will fail Miserably.
- Sold 9700,9800,9900,10000,10200,10400 CE Yesterday.
- Sold 8800,8900,8950, 9000 PE Yesterday as I was not Expecting Nifty to go below 9000.
- Nifty might Trade between 9100 to 9350 today.
- Bank Nifty will again continue to Underperform Compared to Nifty.
- We are Dealing in a Typical boring Rangebound Market. Traders should take calculated Risks when in this Range.
- Otherwise wait for a Breakout / Breakdown and protect your Capital until then.
- 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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