- US markets closed Flat Yesterday.
- U.S Markets have closed with a slightly Positive bias.
- Asian Markets are also Mixed.
- SGX Nifty is Slightly higher.
- Dow Jones has recovered more than 350 Points from Intraday low.
- At one Point , the selling pressure was really severe.
- SGX Nifty is up 80 Points.
- Yesterday too , Markets were highly Volatile.
- They were all over the Place.
- Markets will continue to remain highly Volatile as its Monthly expiry week now.
- As of now it doesn't appear a clear Direction for me.
- Markets are neither Bullish nor Bearish.
- Markets are Consolidating with high Volatility.
- Good news is that India VIX has reduced Yesterday.
- Usually as per past Experience Wednesdays are highly Volatile.
- Today also Markets are likely to remain highly Volatile.
- I expect Nifty to expire between 14600 & 15000.
- But I may be wrong too as the way Markets are moving , analysing direction is difficult.
- I'd look to sell Call Option near 15k for Nifty.
- Look to sell Put near 14600.
- Until then time to wait and watch.
- Nifty might Trade between 14640-14920 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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