- US markets hit all time highs Yesterday but then Drama Happened in last hour.
- Dow Jones was up 450 Points all day closed at a Flat Terrain .
- Big sell off was Witnessed in second half.
- Asian Markets are Mindly Negative.
- SGX Nifty is Trading near 10750.
- I am Expecting a short term Correction now.
- A correction of 100-300 Points on Nifty & 1000 Points on Bank Nifty.
- Bank Nifty Support is near 22000-21900 and that is likely to be taken out today.
- The Reason for a bit Bearishness is that the Market is looking very streched on the upside.
- Yesterday only because of Reliance the Markets were settled.
- Reliance has more than doubled and cannot keep giving Support always.
- A handful of Stocks supporting Nifty is not a good sign.
- I have sold call option Yesterday 11000 , 11050 ,11100 CE.
- Also sold 10500 & 10450 PE.
- Sold 23000 CE for Bank Nifty.
- Many people ask me to update prices of my Trades as well.
- Updating prices not Possible as I keep Averaging and keep exiting them according to Markets.
- Might not hold till Expiry.
- Yesterday as well Nifty failed to cross it's 200 DMA of 10900.
- So a good Trade now is to sell on rallies.
- Remember im not Expecting a crash or so but just a small correction now in the Markets.
- We are in a Bull Market and small corrections make the Markets Stronger in long run.
- Stoploss for your short Trades should be around 10900 for Nifty.
- Try to sell near 10900 to minimise your risk if you get to this level.
- Best thing is to write Call Options.
- Don't sell Naked always have a Hedge as it also reduces margin.
- Buying Put options again might not work because even if Markets are Rangebound puts premium decrease.
- By selling calls , even if Markets go down or dont go that level I make money.
- By buying Puts you make money only if it goes lower.
- Bank Nifty looking very Weak and Nifty is not getting major Support from anywhere.
- India VIX was higher Yesterday which again shows that the Markets might start it's Volatility again.
- Reliance AGM is also going to be held Tomorrow and it looks poised for a good correction is short term.
- FIIs were net Buyers Yesterday but DII's were net sellers.
- Nifty might Trade between 10700 to 10860 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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