- US markets stabilised Yesterday.
- Closed in Green , though not a big rally but stabilisation is a good outcome.
- Asian Markets are mostly flat.
- SGX Nifty is also flat.
- Markets this week and highly Volatile.
- Within seconds , the Positions have been changing.
- Trading in this Market without a Pre determined plan and Stoploss can kill a Trader.
- So better to follow these rules while Trading or stay away from Trading in such heavy Volatility.
- 11200 was a major support for Nifty and it got taken out Yesterday.
- Infact we closed below 11200 on Nifty Yesterday.
- 21000 is a major support for Bank Nifty & that was also breached Yesterday which is not a good sign.
- We are clearly on a sell on rally market now.
- Use every Pullback / rally to sell into this rally.
- I have been selling Call options of Banking stocks as I'm bearish about Bank Nifty.
- Markets have been irrational post March but sooner or later they have to come in line in Reality.
- That's what is happening currently.
- This is the time to book profits for those who haven't booked near 11700-11800 on Nifty.
- I adviced to book profits near this range for investors.
- FII's have been selling aggressively.
- DII's supporting by buying but not of high Amounts.
- India VIX was low Yesterday but Volatility was pretty high.
- Nifty might Trade between 11080-11320.
- 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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