- U.S Futures were down more than 2% Yesterday when Indian Markets were active.
- That was the reason of such a big fall Yesterday.
- 11000 was the place of support and that was taken away.
- Bank Nifty below 21k.
- Now U.S Futures are slightly positive so SGX Nifty has recovered from 10800 to 10900.
- Month end expiry and all longs trapped.
- Everything contributed to a huge fall in the Markets.
- FII's have been selling relentlessly for the past week.
- As I previously mentioned , September will belong to the bears and the same happened.
- Coming to October series.
- One thing is for sure , unless Nifty crosses 11200 I won't be taking long Positions.
- I will be Bullish only when major resistance areas gets taken out and we sustain.
- Because when Market falls it falls with high steam and when it goes up the speed is of tortoise.
- This is a sell on Rallies Market now.
- Sell on Rallies until you get a clear Breakout.
- Many countries Considering to Lockdown again.
- Corona Virus vaccine getting postoponed.
- Also U.S elections around the Corner.
- Everything would lead to high Volatility until Diwali.
- Will look to sell Call options in Banking stocks on Pullbacks.
- Nifty might Trade between 10800-11000 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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