- U.S Markets were down 2% Yesterday.
- But now there seems to be a recovery and Asian Markets are Trading Positive.
- SGX Nifty is up about 50-60 Points now.
- Yesterday as Europe Markets opened, the news came that US 2 Trillion$ suspicious money handled by Banks.
- This Triggered a big sell off in Banking stocks all over the World.
- To just let you know the magnitude of this news , Indian Economy is 2 Trillion$ & the Amount of Scam figure was Equal to Indian Economy figure.
- U.S is considering another Lockdown to control the Corona Virus spread.
- Indian Cases are now more than a lakh per day.
- Indian Govt doesn't seem to be worried about it nor does Indian Media.
- Both are busy looking after "Bollywood".
- Bank Nifty was already very weak.
- 22000 was the support area of Bank Nifty and it broke decisively so more selling pressure witnessed.
- Markets will be Irrational and choppy.
- 11200 is a strong support on Nifty and if that's taken out we can witness further crash.
- First half is very critical, if we break 11200 then 2nd half is an opportunity to short.
- If we hold on in the first half or consolidate we can witness short covering in 2nd half.
- Sold 11250 & 11200 Straddle Yesterday @250rs each (This Expiry).
- VIX was up 14% yesterday at one point so took the Opportunity to create Straddle.
- Nifty might Trade between 11180-11340 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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