- US markets closed 2% lower Yesterday.
- Asian Markets are all Negative.
- SGX Nifty is now Trading near 13870.
- Yesterday, Fed Chairman Jerome Powell issued a statement saying "POWELL: WE ARE MONITORING THE ASSET BUBBLE VERY CAREFULLY"
- This arose a panic selling in U.S Markets.
- U.S VIX was up 63% Yesterday.
- This was never ever witnessed before in Normal times.
- U.S VIX now Trading above 30.
- Yesterday we broke critical support of 14k & today there should be a gap down Opening.
- This is a huge global sell off.
- We are leading this Global sell off.
- Both FIIs and DIIs were net sellers in the market for last 3 trading sessions.
- I was warning to be cautious as we had a vertical rally in Markets.
- When there are one way vertical rallies , the fall is also severe.
- FIIs are selling aggressively in F&O also.
- But still I feel this is a Bull Market Correction.
- These type of Correction are often witnessed in a Bull Market.
- Unless we get clear Macro signs of a reversal we are in a Bull Market and you shouldn't deny the same.
- Today's plan is to sell 14000 & 14050 Call options Intraday on every rise.
- As we are now in a sell on rallies mode.
- Every rally will be sold into.
- Long term we are in a Bull Market but for a very short term things looking scary for Bulls.
- Even a long term Investor should know to hedge & sell Options to cover damage.
- Otherwise whatever returns made while being patient over a longer time can be lost in a week.
- Nifty might Trade between 13780-14020 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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