- US markets closed higher Yesterday.
- Asian Markets are Mindly in Green.
- SGX Nifty is down by about 40 points.
- Yesterday our Markets have Rallied about 200 Points.
- Rally was mainly because of 2 stocks.
- Reliance and HDFC Bank.
- RBI Approval for New Chairman in HDFC Bank Triggered rally.
- Reliance was up 7% Yesterday Majorly due to Short covering and some deal wins news round the corner.
- Markets have taken support the Important level of 10850 which I mentioned in the previous blog.
- From there it has reversed significantly and Rallied by about 200+ Points.
- Expecting a bit of Stabilisation & Consolidation today.
- RBI Policy is due Tomorrow and that would be an Important event to watch out for.
- Yesterday Surprisingly FII's turned Buyers whereas DII's remain sellers.
- Bank Nifty has not Participated in the rally yet.
- Yesterday Majorly due to HDFC Bank there was a big rally in the Banking stocks.
- After this Big rally the Question is what more from here?
- I expect some Consolidation today ahead of Weekly Expiry.
- Short covering set in Yesterday , Markets have Rallied and was fine.
- Today Markets might Consolidate ahead of RBI Policy.
- Sold 10850 PE and 11250 CE Weekly Expiry.
- Expecting Markets to trade within this Range for the Expiry
- Also VIX is now below 24 so Volatility is reducing with each passing day.
- Sold 20500,20000 Bank Nifty PE.
- All my Trades are of Weekly Expiry.
- Nifty might Trade between 10980-11140 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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