- US markets closed slightly positive yesterday.
- Right now , U.S futures are also Trading higher.
- SGX Nifty is Trading near 15000.
- Yesterday in the first half our Markets fell Drastically.
- It slowly started to recover in the second half.
- The issue right now is the India VIX.
- India VIX keeps rising as there is a fall in the Market.
- Friday it was up 8%.
- Yesterday up 4%.
- Option prices are very high currently due to higher VIX.
- Volatility is also extreme.
- Moves are very fast and violent.
- Calls above 15200 have been written aggressively.
- Do not expect Market to go much higher from here at least for this expiry.
- 14500 PUT also has good amount of open interest.
- So not expecting Nifty to go below 14500.
- Nifty might Trade between 14860-15080 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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