- U.S Markets closed 400 points higher on Friday and dow Futures now is Trading in Green.
- Asian Markets are all Trading Positive.
- SGX Nifty is now Trading near 10830.
- The talk of the Town this Weekend again is Reliance Industries.
- Reliance has bagged another Investment from Qualcomm.
- Last week , Nifty Traded only in a range of 200 Points.
- SGX Nifty fell below 25 & it was purely a Consolidation week.
- The Range in which Nifty Traded was 10650 to 10850.
- As Markets were Consolidating Premiums on Options are very low.
- Even the 11000 CE of Weekly Expiry is down 50% with 4 days left to Expiry.
- Better to wait for a Breakout / Breakdown and then position the Trades as Premiums are already too low to sell into.
- Once 10850-10900 level is Crossed we can witness 11000-11100 on Nifty immediately.
- Index Heavyweight Stocks like Reliance , HDFC Bank are looking very Bullish.
- Earnings Quarter has started and Companies have started to Announce their Results.
- TCS has come up with the results on Friday and it were Okay.
- Not good nor bad.
- Key Results to Track this week is of Infosys.
- IT sector has near about 13-15% weightage in Nifty so the sentiment can play a Major role going ahead.
- Chances of a Upside Breakout are more higher than of a Breakdown now.
- But we should be ready for Whatever the Market throws at us.
- Ill look to sell Put Options if Nifty crosses and Sustains 10850-10900 range.
- Ill look to sell Call Options if Nifty breaks 10700-10650 Range.
- Until then ill just keep waiting for the right confirmation as selling options at such low premiums don't excite me now.
- Iron Condor Strategy was given in Blog Yesterday on Friday and is already in 1.5% Intraday Return.
- For Nifty to give an Upside Breakout , Bank Nifty also has to perform and join the Party.
- If Bank Nifty joins in then we can see a good rally or else this Consolidation might last Further.
- Nifty might Trade between 10720-10880 Today.
- 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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