- US markets closed higher Yesterday.
- US added more than 4.5 Million Jobs for the Month of June after partial opening up of the Economy.
- This is a great Number reported by U.S
- Estimation was around 3 Million Jobs.
- Asian Markets are Trading with a Positive Bias.
- SGX Nifty is up 40 Points & Trading near 10590 now.
- Markets have Rallied and have come out of their Conjession zone Yesterday.
- The Biggest Positive was Markets were Rallying while India VIX was falling.
- India VIX fell from 31 to 27 this week which shows the fear is Decreasing & there is limited Downside.
- Also the Intraday Volatility Reduces due to falling VIX.
- Nifty Traded just within 100 Points band Yesterday.
- 7500 is a definite bottom and according to me it will never ever be witnessed again in the History of Indian Stock Market.
- FII's still remain on the short side while DII's were net Buyers Yesterday.
- Bought 10500 PE Monthly Expiry and Sold 10300 PE & 10100 PE Weekly Expiry Yesterday.
- Not Expecting Nifty to go below 10300 for this week.
- Monthly Expiry Position was bought to Hedge the Weekly Expiry Positions.
- Bought 10500 CE Monthly Expiry and Sold 4 times 11000 CE.
- Not Expecting Nifty to cross 11100 for July Month.
- No loss if Nifty Expires below 10500 for July.
- Maximum profit if Nifty Expires Between 10500 to 11000 for July.
- Will be ready for Adjustments if anything goes against my View.
- Yesterday Bank Nifty Outperformed Nifty.
- Both are Outperforming each other on Alternative days.
- View remains Slightly Bullish in near term.
- Nifty might Trade between 10480-10660 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
Comments