- Dow Future's from being -0.8 have turned positive to 0.4%
- US and European Futures are Mindly higher.
- SGX Nifty is Trading around 12970.
- Indicating gap up around 100 Points.
- Volatility is too high in the Markets now.
- On Friday Nifty rested 12700 and almost recovered 200 Points in about 2 hours.
- Markets are moving sideways in a range but with Big Volatility.
- This Gap up of 100 Points isnt Justifiable to me.
- I'll observe the Markets after opening and see the price action.
- If Nifty isn't showing strength near 13k my first trade would be to take a short position with around 50 point stoploss.
- If 13k is crossed , sustained and my Stoploss is triggered I would become Bullish.
- 13k has added big open interest so it will act as a Resistance.
- This week we have weekly + Monthly Expiry both together.
- So Volatility would be much more higher.
- You need to risk a substantial amount of risk to make good money in these kind of Markets.
- Banking sector would be in focus today due to Lakshmi Vilas Bank dissolution news.
- Will it be merged with any bank or not would be a big question.
- Nifty might Trade between 12840-13000 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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