- U.S Markets closed 3% lower Yesterday.
- Asian Markets are all in Red.
- Florida reported huge increase in Corona Virus Cases and also decrease in World Growth rate.
- SGX Nifty is trading below 10200.
- Yesterday Luckily I havent sold out options but was sitting at Big MTM loss.
- Covered some by selling Call Options.
- Today Markets opening at gap down so it will be a tough day to manage.
- Expecting our Markets not to Underperform in line with Global Markets.
- ICICI Bank is planning to raise 3 Billion Dollars.
- It was down 7% Yesterday because of this and dragged our Markets lower.
- Bank Nifty highly Underperformed Yesterday and the reason is ICICI Bank.
- Markets were highly Volatile Yesterday & fell 200 points in less than 2 hours.
- Today also Expecting Markets to be very Volatile.
- I dont expect Markets to be very Bearish like Yesterday.
- But nobody knows what's going to happen.
- If U.S futures support markets then we can expect major recovery.
- This Expiry is going to be very Interesting.
- Nifty May trade between 10100 to 10320.
- Bank Nifty is very Volatile and Range cannot be decided.
- Expecting Expiry to be between 10200 to 10400 for Nifty.
- I may be wrong as well so please consult your Financial Advisor and Trade on your own risk.
- 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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