- US markets closed higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is Trading near 10700.
- In July series, Markets are Trading within range.
- Yesterday last hour Markets Witnessed huge profit booking.
- This is not Trend Reversal and just normal profit booking.
- Nothing to be worried and say crash is Approaching etc.
- FII's & DII's were net sellers Yesterday.
- I sold 10600 Put Yesterday Weekly Expiry when Nifty fell below 10700.
- Yesterday until 2.30 Bank Nifty was holding Nifty and was on a roll.
- Bank Nifty Couldn't Sustain above 23000 and Eventually collapsed from the high.
- Eventually leading to big sell off in Nifty.
- Bank Nifty range would be between 22200 & 22900 for this Expiry.
- Nifty might trade between 10650 & 10820 today.
- Flat Markets expected today.
- Do not expect any Big Moves on Nifty.
- Bank Nifty is a high Volatile index , exited all the Positions in Bank Nifty Yesterday with good profits.
- Trade for today is to by on dips closer to 10650-10620 on Nifty & sell near 10800.
- Do not trade in Weekly Expiry Options of Today , Trade in Next week Expiry options.
- Theta decay will be less.
- 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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