- US markets closed lower Yesterday.
- Asian Matkets are Flat with a Negative Bias.
- SGX Nifty is very Flat.
- Markets have been Highly Volatile for quite some time now.
- Yesterday Expiry was also the same.
- Directionless markets with high Volatility.
- Plus SEBI rules creating panic & volume changes in the Exchange.
- Traders should be very Cautious while dealing with such type of markets.
- Hedging is a must.
- The simple Strategy to Trade in such markets is to buy gap downs and sell gap downs.
- Buy Drawdowns and sell rallies.
- Because I do not expect the Markets to go very high from here nor expect it to crash a lot.
- Bank Nifty is still very weak and has not witnessed any recovery.
- It still seems to be a laggard.
- FIIs and DIIs both were net sellers in Cash market yesterday.
- DIIs have sold for more than 1000 crores.
- Now this is a big Number.
- Monthly Expiries can be even more Volatile & then some trending move might be witnessed by Tuesday Afternoon.
- Nobody knows what will happen , let's see.
- HDFC Bank is showing strength but all the Remaining PSU stocks look very weak.
- IT & Reliance continue to be the Pillars of the Market.
- I'm neither a Bull nor a bear as of now.
- I'm taking non Directionless bets with hedge.
- Will become a direction trader when Market gives me such indication.
- Nifty might Trade between 11460 to 11620 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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