- Dow Jones crossed 30k Yesterday for the first time in the history.
- Dow Futures are also trading higher now.
- Asian Market's are trading higher.
- SGX Nifty is Trading around 13230.
- Bank Nifty likely to open above 30k Today.
- FII's have pumped in more than 30,000 crores in November series.
- Yesterday I mentioned in my Blog that first hour is the key and if Nifty Sustains above 13k then there's a breakout.
- Yesterday Markets consolidated in the First half near 13k and in second half we witnessed a sharp rally.
- Bank Nifty outperformed Yesterday.
- Usually after a Big Breakout sky is the limit.
- Next resistance for Nifty is 13200.
- We are likely to open near about this level as per SGX.
- This is a one sided rally in the Markets.
- This rally is surely the most confused rally and it can have more legs.
- People who missed out investing at lows are now investing their money.
- Funds always start to flow at the peak of the Market.
- When Market is at lows everybody starts to sell.
- So now there would be more inflow of funds.
- As long as funds tap is open and Global markets keep Rallying better not to expect a big Correction.
- Big correction will come it has to come but it will happen in its own time.
- When it happens I will update about that.
- Until then it's a strong strong bull Market which is rattling all the Shorts.
- Me and my Clients have carried long Positions.
- So if opening today is anywhere around what SGX is suggesting.
- We will book our longs at open.
- If you havent carried longs then I won't advice you to chase such big gap ups.
- Wait for a 50-60 point dip on Nifty , 150-200 point dip on Bank Nifty to enter.
- Nifty might Trade between 13080-13260 today.
- stockmarketadvisory.in
- Question of the day asked by MR .Sudesh Joshi : Effect of India VIX on Stock Market and on Option Prices
- India VIX is known as Indian Volatility Index. It Generally depicts the Yearly Movement of Nifty. For Example India VIX is near 20 now. So Nifty for next Year can go up or down by 20%. Remember VIX was at 86 in March when Nifty was around 7500. We have gained back more than 60-70%.
- There is an Incorrect notion that VIX goes higher only in a falling Market. This is incorrect. VIX can go high even in rising Market. Higher VIX indicates higher option prices where option sellers look to initiate straddles etc. Lower VIX indicates low option prices where buyers look to buy options.
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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