- US markets closed higher Yesterday.
- This Market is changing trend with each passing day.
- After FED minutes everyone was Bearish but market retrased again.
- Asian Markets are also higher.
- SGX Nifty is up by 100 Points.
- 11500 is the area where highest open interest in option chain
- Which means highest call writing .
- So this will act as a Resistance unless people start shifting over.
- I am Expecting a correction in our Markets now.
- A correction of 200-300 Points.
- Reliance is below 20 DMA.
- Markets are at all time highs.
- So there is a good risk reward in this trade.
- Shorting near 11400-11450 would have a risk of 75-100 Points but if it works it can fetch you 200-300 Points.
- Trading is all about Analysing risk & reward.
- Nothing is certain here.
- If you want to be right every single time , trading is not for you.
- You cannot be right every single time.
- 11500 is the Stoploss for Short Trade.
- I might be wrong also , so trade on your own risk.
- 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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