- U.S futures were down 2% in our trading hours Yesterday.
- This caused a big sell off in the Markets.
- U.S VIX was up 15% Yesterday.
- India VIX slowly inching higher.
- Market is collapsing quickly now a days.
- Reliance was a major contributor for Yesterdays fall.
- Reason of huge sell off in Reliance was Amazon had won the Arbitration case.
- Now U.S futures are mildly positive.
- SGX Nifty is Trading around 11825.
- The range of 11700-12000 continues to hold.
- Markets trading Violently within this range.
- As its monthly Expiry , Expecting a big move.
- Which side this move will come , time will tell.
- If Markets feel like Second Wave of Corona Virus is getting into India.
- The fall would be much more severe.
- Many foreign countries have been already witnessing second wave panic.
- India VIX if crosses above 30 then Option sellers should be very very careful.
- VIX above 30 indicates huge Volatility.
- Reliance is a big heavy weight in Nifty it has to perform well for markets to go higher.
- Right now it's just a ranging Market.
- Nifty might Trade between 11720-11900 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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