- US markets closed on a Mild Positive Note on Friday.
- Asian markets are also Mildly Positive.
- SGX Nifty is down 60 Points & Trading Near 9085.
- News Came over the Weekend that Lockdown has been extended all over the Country upto 31st May 2020.
- On Friday FIIs sold Greater than 2200 Crores.
- The FII Data Clearly Indicates that they havent liked the STIMULUS package from the Government.
- On Friday , Nifty again had a Retest of 9050 but reversed from there.
- Market is in a Consolidation Mode in May Series & Boundaries are not easy to be taken away.
- Meanwhile Reliance Industries has bagged another Cheque from General Atlantic (U.S Company ) for 1.3% stake in Reliance values at ₹6598 crore.
- This is the Fourth Cheque bagged by Reliance from the beginning of this Lockdown.
- Reliance is a stock which everyone should have in their Long Term Portfolio & can start Accumulating on small Declines / Dips.
- Markets are not ready to React on any Short term news being thrown on it for now.
- Currently , Im neither Bullish nor Bearish.
- If we get a closing below 9000 or above 9500 on Nifty then I will turn Bearish or Bullish.
- As Long is this Range Continues I am Neutral.
- Surprisingly , even when Markets are Negative the Call Premiums are Significantly higher Compared to Put Premiums.
- This Indicates that we might not fall Significantly from here.
- Sold 210CE , 200CE , 190 CE &150 PE for SBI May Series.
- The Trade now is to play for a Reversal in Nifty from it's lower Range of 9000-9050.
- If these levels are taken out in Intraday and we get a closing below 9000 then we can expect more Bearishness.
- Bought 9200 CE , Sold Double the Quantity for 9400 CE.
- Defence & Aviation Stocks might be in focus today as Economic Package contained some positive Outlook towards those Sectors.
- Bajaj Finance , Finserv are likely to Announce Results this week.
- 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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