- US markets Slightly Negative Yesterday.
- Dow Futures is Trading in Positive now.
- Asian Markets are Mixed with positive Bias.
- SGX Nifty is Trading near 10480.
- Yesterday , Surprisingly our Markets Rallied without any News.
- The Rally was Majorly a Short Covering Rally.
- Nifty & Bank Nifty Futures were Trading at Discount , now that Short covering has been done and there is no discount on those Indices.
- As Per U.S ADP data 2.4 Million Jobs were added for the Month of June.
- Today evening, official Employment data will be Announced .
- Expectation as per investing.com is 3-3.5 Million Jobs will be added.
- If it comes as per the Expectations then it would be positive.
- Hopes related to Short covering have also started to increase.
- Pfizer has announced some drug related to Corona Virus.
- Yesterday Swami Ramdev also conducted a Press Conference for his claims towards Coronil.
- I do not know maybe this what led to Yesterdays rally in the Markets.
- The Hero of Yesterdays rally was Bank Nifty.
- Once Bank Nifty Crosses 22000 and Sustains.
- There would be bigger Fireworks today.
- Both Nifty & Bank Nifty are Trading near Resistances now.
- Resistance for Nifty kicks in near 10500-10550.
- Resistance for Bank Nifty kicks in near 22000-22100.
- Both Indices are likely to open near their Resistance zones.
- Bought 10450 CE Yesterday and sold double the Quantity of 10550 CE.
- If Expiry is within 10450 to 10550 will make money from both call option and put will go Zero.
- Nothing to lose below 10450.
- Risk above 10600 which will be lowered by Adjustments.
- FII's were net sellers Yesterday and continue to sell.
- DII's were net Buyers Yesterday even at such higher levels.
- Sold 10300,10250,10200,10150,10100 PE Yesterday.
- Sold 10600,10650 CE Yesterday.
- Was Bullish so sold more of put Options.
- Today's Expiry is likely to be Volatile.
- There might be some big rally in store once we cross Resistance zones.
- 10400 is a strong support for this Weekly Expiry now.
- Nifty might trade between 10380 to 10580 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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