- US markets ended on a Flat note Yesterday.
- Asian Markets are also in Consolidation phase.
- SGX Nifty is Trading around 12270.
- Yesterday our Markets opened at fresh highs but we witnessed good profit booking Intraday.
- These sort of dips and Corrections offer a good Opportunity to build longs and re enter.
- In Bull Markets dips get bought into much faster.
- Feb first week we witnessed a fantastic rally in our Markets.
- After that we are into Consolidation phase.
- Uptrend is still intact while in Consolidation.
- India VIX was slightly higher Yesterday due to correction which had happened Intraday.
- Usually on Wednesdays India VIX stays higher and Volatility is more.
- Expecting this Expiry between 15040-15420.
- Highest Open Interest is in 15000 PE and 15400 CE.
- That's the reason why we witnessed good profit booking Yesterday at higher levels.
- I would be looking to trade in Extreme levels of the range.
- DII's have been Contineously selling this week.
- Actually , the Selling Number of DII's is more than buying of FII's.
- Bank Nifty looks Stronger to Nifty.
- But at the same time Bank Nifty is highly Volatile.
- Moves are quite fast compared to that of Nifty.
- Nifty might Trade between 15120-15350 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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