- US markets closed lower Yesterday.
- Stimulus has been delayed and there has been no news.
- So due to this there was some profit Booking.
- Asian markets are mostly Negative.
- SGX Nifty is Trading near 12000.
- Meanwhile , Infosys has come up with Terrific results.
- Wipro results were not that Great so we Witnessed profit booking in IT Stocks Yesterday.
- Infosys results look very good.
- Will be Noteful to see how the stock will react to the same.
- First hour is very critical for our Markets today.
- If we spend some time above 12k then possibilities of 80-100 points upward movement open up.
- 12000 CE has got the highest open interest in weekly options.
- Yesterday Market reversed significantly in last hour.
- Nifty and Bank Nifty Rallied by a percent each.
- Generally Expiry days we witness some big Moves.
- Today's movement will be Noteful to see.
- Momentum is so strong towards Upside.
- Trade remains to sell Puts once we cross 12k and Sustain.
- If we do not Sustain above 12k then ITM Straddles for today's Expiry would work.
- Nifty might Trade between 11920-12080.
- 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
Comments