- US markets closed flat.
- Asian markets are mindly higher.
- SGX Nifty is up 30-40 Points.
- Yesterday Nifty was up 140 Points at one point of time.
- In last hour we witnessed severe profit booking.
- Bank Nifty fell 600 Points in last hour.
- Nifty fell 200 Points.
- This can be construed as Markets are unwilling to go much higher from here.
- Also the downside in limited.
- Yesterday was a good Consolidation day.
- Nifty almost closed where it had opened.
- Going forward there would be Consolidation with Volatility.
- Few frontline heavyweights contributed to the fall Yesterday.
- ITC and Reliance fell 2-3% each.
- Bank Nifty as always is a highly Volatile counter.
- 15000 is a good support for Nifty.
- 15400 is a stiff resistance.
- I expect Nifty to expire somewhere between 15000 to 15400 for this expiry.
- There is a good amount of Put writing in 15000 PE and 15400 CE.
- Those who sold Put option will always look for cover and they sell call option too.
- Wednesdays can be highly Volatile.
- So use Volatility to your favour when Market is at its Boundaries of the range.
- Nifty might Trade between 15060-15280 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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