- US markets closed at record highs & up 0.5%
- But Asian markets are not mixed.
- SGX Nifty is almost Flat.
- Yesterday for the first half Nifty traded only within 30 Point range.
- Second half was witnessed by massive short covering.
- Bank Nifty & Nifty were up significantly.
- I did mention in my previous blog that If 11500 crosses and sustains we would witness 11600 instantly.
- We are not far from the targets.
- FII's were net buyers yesterday but DII's were net sellers.
- Shared an SBI Strategy on Telegram and it's running at 6k profit per lot.
- Link of Telegram Channel
- https://t.me/moneymakingtrickss
- Today Expiry seems to be on the Bullish side
- But you never know with Monthly Expiries.
- Big Moves might also happen.
- As an Option seller we have stuck to Equity Option Selling and have avoided Nifty & Bank Nifty as Volatility is always high for Monthly Expiry.
- Today will look to sell on every dip.
- Bank Nifty has been Outperforming the Nifty.
- PSU banks looks strong and are joining the party.
- I have sold Out Options of all Banking stocks.
- Sold ICICI Bank 385 PE , HDFC Bank 1110 PE , Axis Bank 455 PE , SBI 205 PE.
- All are likely to open below 0.5 paise.
- Nifty might Expire between 11460 to 11640 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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