- US markets closed at all time highs Yesterday.
- Asian Markets are Mildly Negative.
- SGX Nifty is down 20 Points.
- Yesterday , GDP numbers in U.S were negative and dropped by more than 20% which Points a recession out there.
- Markets are Ignoring all these news and are racing ahead.
- Markets & Economy are 2 Different things.
- Index is filled with Quality Heavyweight stocks and they perform well in bad times.
- So Economy might Seem bad but Markets might go higher.
- India VIX is below 21 now.
- Premiums are very low now.
- Sold 11400 CE &11200 PE at ₹20 each. (Today Expiry).
- Both closed at 13 and now Expecting both to open at single Digits .
- A good news for the Bulls is Bank Nifty is Beginning to perform.
- Bank Nifty has Sustained above 22k and is slowly gaining momentum.
- But commenting anything about Bank Nifty is not at all Possible.
- It has the Power to move 1000 Points in a day.
- FII's were net Buyers Yesterday but DII's figure continue to be Negative.
- Last 2 Expirys markets have been Very Volatile and specially Nifty and Bank Nifty is giving moves more than a Percent in few minutes.
- Option Writers should keep this in mind and start booking profits as they come rather than waiting for the options to expire at ZERO.
- Option writers, including me want the option to expire worthless till 3.30 pm.
- But better to keep booking profits rather than waiting till 3.30 as moves can be high Volatile.
- Nifty might Trade between 11240 to 11380 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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