- U.S Markets closed 3% lower on Friday.
- Asian Markets are Mixed with a Slight Negative Bias.
- SGX Nifty is down 60 Points and Trading near 10270 as of now.
- Reason for a big Fall in U.S Markets was because the FED placed restrictions on buy back for U.S Companies.
- All the Banks fell in U.S Markets.
- Nifty Futures & Bank Nifty Futures are Trading at Big Discounts which Indicates big short positions been created.
- Markets are highly Volatile and Trading with naked options is a suicide in this kind of Market.
- Important Data to look at this Thursday is the U.S Jobs Data.
- FII's were net sellers on Friday and DII's were net Buyers.
- FII's have big Short Positions in Stocks , more than 70% short Positions but have 41% Long Positions in Indices.
- Given an ITC Earnings Trade on my WhatsApp and holding it till now.
- ITC results were average and not that Great.
- Let's see how the Stock performs today.
- 10,000 is going to be a strong support on Nifty and 10500 a strong Resistance.
- Unless and until any Fresh triggers or news is announced Expecting Markets to trade within this Range for this Expiry.
- Have Initiated a Bear Put Spread and Bearish Ratio Spread on Friday.
- Bought 10300 PE & Sold 10200 PE.
- Bought 10200 PE , Sold 10000 PE & 9850 PE.
- All Weekly Expiry.
- Even if the Market goes higher there is nothing to Worry as I won't lose even a Single rupee.
- But if Markets go lower then my profitability starts.
- Banking Stocks might Underperform here also.
- Our Markets are now following Global Markets.
- We are just doing Photo copies and Xerox copies of U.S Markets here in our Markets.
- Nifty might Trade between 10180 to 10376 today.
- Bank Nifty might Underperform Nifty and in turn create pressure on Nifty.
- IT Stocks Rallied on Friday.
- They have been Underperforming whole of June so this was not surprising.
- 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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