- U.S Markets were weaker on Friday.
- U.S Futures are also lower now.
- SGX Nifty is Trading near 14200.
- Nifty has broke his previous weeks low of 14250 and is significantly trading lower.
- This Indicates a negative bias in the short term.
- Markets are highly Volatile now.
- On Monday , Bank Nifty gave a swing of 500 Point 6 times.
- Such is the Volatility we are dealing with.
- There were also some Indo - China Border issues going on & maybe due to the same we witnessed sell off.
- Yesterday Farmers protest also turned Violent & that might create a panic today.
- Overall the sentiment is Bearish now.
- We needed this type of Correction because Markers were rallying in a straight line.
- These Corrections are a good sign in Bull Market and keep Bull Markers intact.
- The Most Important factor which will decide whether this Bull Market is to continue or not is the Union Budget.
- I remember in 2017 we had a massive Bull run with Nifty up 35% mid cap and small cap index were up by more than 80%.
- Then Arun Jaitley introduced Long term Capital Gain tax on Shares and that led to an Emergence of Bear Market.
- Hearing that Govt is likely to increase STT (Securities Transaction Tax) in the Budget.
- If this Happens , it will lead to Bear Market.
- Before Budget if you cannot handle Volatility and you do not have proper skills , better to stay out.
- Specially if you are option writer / Hedged trader.
- Because Budget moves are Uncertain & Volatile.
- I've sold 14500 CE & 13900 PE for this expiry.
- Also Selling Call Options of Banking stocks.
- Expecting Volatility to increase further before Budget.
- Nifty might Trade between 14040-14320 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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