- US markets fell, worst fall since October 2020.
- Worst Gap down hinting for SGX Nifty today.
- 300 Point Gap down we are likely to open into.
- So the logic is simple , selling again after a gap down doesn't make sense now it's the time to buy.
- Buy big gap downs sell big gap ups , that's where risk - reward is in your favour.
- So I'm interested to buy this gap down on a Positional basis by keeping stoploss of 14650 which is last weeks low.
- Volatility will be high today.
- India VIX is likely to trade above 30.
- Do not worry about Global issues and worry of this gap down.
- Trend will always sustain and it sustains for longer term.
- Many People are talking about Bear Market and trend reversal.
- I don't think so.
- Trends don't change so easily and so quickly.
- So forget about that.
- Nifty might Trade between 14760-15000 today.
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