- US markets closed a bit higher Yesterday.
- Dow Futures is Trading Mindly Negative now.
- Asian markets are a bit Negative.
- SGX Nifty is Trading near 11100.
- Last 20 days , Nifty has shot up more than 1000 Points.
- This was a brisk one way rally in the Markets.
- Markets cannot keep going at the same pace.
- A small correction of 100-200 Points on Nifty & 400-600 Points on Bank Nifty is due.
- When will this correction happen? No idea but it would be good as it would shake out weak longs.
- 11200 seems Difficult to cross for Nifty & 23000 seems Difficult to cross for Bank Nifty for now.
- Expecting today Expiry to be Rangebound with Big Swings within the Range.
- Expecting the Range to be between 11000-11180 unless anything major event pops up in Global Markets.
- FII's were net Buyers Yesterday so Markets won't fall very Big from here.
- "Correction" is Different from "Crash" please note.
- Expecting a very Volatile Expiry within the Range.
- So one can sell Call options at the higher end & sell Puts at the lower end.
- If this range breaks , then we could see Trending move.
- Which Seems a big Unlikely as of now.
- Reliance has Crossed 2k mark and that has had a Phenomenal rally.
- Small correction of 100-150₹ in Reliance would be likely from here.
- Bank Nifty might Trade between 22400 to 23000 today.
- 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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