- US Markets opened Positive Yesterday but Ultimately closed in Red.
- Nasdaq is also Trading lower.
- Asian Markets are mostly in Red.
- March would be the first week where Nifty has expired Negative.
- FII's have started to sell.
- When FII's press sell Button this is how Market falls.
- SGX Nifty at one time was below 14500 but has recovered now.
- 14500 is a near term support for Nifty if that breaks then next support comes around 14350.
- Same way 14700 CE has added highest open Interest yesterday.
- That would act as a resistance today.
- Monthly Expirys are more Volatile than weekly Expirys as there is excess participation.
- Futures Contract Expiry also happens the same day.
- Plus rollover of some Futures Positions too.
- This creates added Volatility.
- I have sold Many Call Options.
- 14750 CE , 14800 CE , 14700 CE on Nifty.
- Have sold 34000 , 34100 , 34200 , 34300 , 34400 , 34500 CE on Bank Nifty.
- Will look to exit these trades in first half as premiums would come to single digits mostly at open.
- Will convert the Positions to next Expiry ie , 1st of April as we have a Holiday next week.
- Next week we have only 4 trading sessions.
- Today's view is Bearish / Neutral.
- Nifty might Trade between 14360-14700 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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