- US markets closed on a Positive Note Yesterday.
- Asian markets are also Trading Positive.
- SGX Nifty is trading near 9300.
- Expected a highly Volatile Market Yesterday.
- Market performed exactly opposite , were calm & silent Throughout the day with some Big swings in between.
- Nifty Traded in a range of just 80-100 points throughout the day Yesterday.
- One of the Weakest Expiry ever witnessed. Buy & Hold option Buyers were trapped Yesterday.
- This is According to the Poll done Yesterday on my Instagram Page.
- Nifty has been Trading in a range of 9100 to 9450.
- Within this Range Market is highly Volatile.
- FII & DII combined bought shares more than 23000 crores Yesterday.
- GSK sold ₹25000crore worth of HUL shares.
- GSK is not a FII, its investment comes under FDI. ( Foreign Direct Investment)
- So effectively FIIs and DIIs have sold shares worth ₹2000 crores yesterday.
- Expecting this Range to continue for coming weeks now.
- Expecting the Broader range to be between 9000 to 9500 on Nifty.
- Markets will keep Consolidating within this Range and will be witnessing Sideways moves.
- FMCG sector has fallen Contineously for some days now due to HUL news.
- Good Opportunity for Long term Investors to start exploring Opportunities in FMCG Sector.
- India VIX is trading below 40 now.
- Expecting Nifty to trade between 9200 to 9420 today.
- ICICI Bank Results are likely to be Announced Tomorrow.
- Reliance Industries along with Auto Sector should keep holding Nifty .
- So I am not Expecting much of a fall from here on unless any fresh news comes in.
- Do not carry any Positions over the Weekend. Last Week on Monday Nifty opened 500 Points gap down.
- Nobody knows what news might come in and its impact on the Markets.
- Everybody is waiting for a STIMULUS package from Government. Maybe this Optimism is not letting Markets fall by much.
- Best Trade on Index Remains to trade near the Boundaries & wait Patiently for a Breakout / Breakdown.
- Expecting this Expiry to be Rangebound as well. Markets are likely to Consolidate within a 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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