- U.S markets were down a percent Yesterday.
- U.S Markets broke the Streak of continue 6 days gain Yesterday.
- Asian Markets are mostly Negative.
- SGX Nifty is up 20 Points & Trading near 10100.
- Indian Markets are Trading very Volatile from last few days.
- VIX up more than 30 & generally when this happens we witness Volatile moves.
- Yesterday both longs and shorts made money if they bought at proper levels.
- Markets after gapping up & Rallying could not break 10300 & started to crash.
- The Range is 10000 to 10300 but between this Range it's highly Volatile.
- Reliance fell from 1620 to 1540 in 2 days which also Couldn't Stablilise the Markets.
- We are in a sort of Correction phase.
- Nifty correcting 200-300 Points from here is probable.
- One needs to be sitting on their Toes to trade in such Markets as Volatility is massive.
- You can either take Volatility as your Advantage or either it can wipe you out.
- Markets are awaiting for FOMC ( Federal Open Market Committee) meeting outcome in U.S
- Trump is the biggest Trader of the World😀 so he wouldnt like to do anything which is against Market liking.
- Trade remains the same for today as we were trading Yesterday.
- Just that today's range has been extended
- Range is from 10k to 10300 on Nifty.
- Take contra Trades nearer to the Boundaries.
- Bank Nifty range is 21500 to 20000.
- Option Premiums are very high due to rising VIX so option Buyers should be careful.
- Usually after a huge rally of 1200 Points Markets Consolidate trade Volatile and start a fresh move.
- This move either could be downwards or upwards.
- If Nifty breaks 10000 I would become Bearish.
- If Nifty Crosses 10300 I would become Bullish.
- Those who cannot handle such Volatility and are not skilled to trade in this range can wait for Breakout / Breakdown.
- Nifty is likely to trade between 10000 to 10200.
- 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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