- April Expiry closed on an Optimistic note and we Witnessed series highs on both Nifty & Bank Nifty.
- U.S Markets were down 2% each on Thursday & Friday.
- Indian Markets were closed on Friday due to Maharashtra Day.
- Asian Markets are also Negative.
- U.S Futures are also Trading Negative since Morning.
- SGX Nifty is down more than 500 Points.
- Due to the lock down for entire month of April, Auto companies have declared zero sales.
- Our Government needs to Balance the Lockdown will Partial opening up of Economy Slowly as our Economy is in a total mess.
- U.S has openly announced that they would like to Investigate China Labs to check if they have Purposely spread the Corona Virus.
- All the Countries are in Support of U.S but China is Denting the same.
- Possibility of Global Tariffs , Trade Wars may also open & Economy may slow down further.
- Lockdown in India has been Extended by 2 more Weeks.
- Partial opening up of the Economy is being Witnessed but frightening part is Corona Virus Cases have been increasing rapidly due to the same.
- If Corona Virus Cases are in control, then Govt will be inclined to open the Economy in more areas.
- If Corona Virus Cases increase, then even the opened areas may be locked down again.
- Reliance declared results over the Weekend and the results were Mixed.
- Rights issue around the price band of ₹1250 per share has been announced by Reliance. Need to see how Market takes this into Perspective.
- Expecting May Series to be highly Volatile and VIX could go higher to 40-50 levels again.
- FII's are holding more than 57% long Positions in Index Futures but the Long Positions in Equity Futures is less than 40%.
- They are buying the Indices but selling Individual Stocks.
- 9400 is the Immediate Support of Nifty.
- Then we have Supports in a gap of 200 points each.
- 9400 , 9200,9000,8800 etc.
- Chances of Markets hitting lower Circuit today are less likely.
- Interesting Observation which I would like to share is Markets are almost opening with a large gap up or gap down almost on a daily basis.
- After such Gap openings market consolidates in a small Range.
- Big Moves are not Witnessed after Market opens.
- Today as well Nifty might Consolidate in a Narrow Range for the first half of the Trading Session.
- Will not be Exploring any Trades in the first half of the Trading Session.
- Will be Waiting for Opportunity in the second half to enter if there is any.
- If I do not get a Trending move in my Favour I wont do anything.
- Giving an Intraday range in these Volatile Markets isnt Possible.
- This Expiry Range for Nifty could be between 8750-9900.
- 10000 is a big Resistance on Nifty now.
- 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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