- US markets closed higher Yesterday.
- Right now Dow Futures are also higher.
- Asian Markets are mostly Positive.
- SGX Nifty indicates a gap up of 100 Points.
- It's amazing how the perception changes.
- On Friday when Market fell everybody was talking about Interest rates , Inflation etc.
- Now when Markets are rising , talk is about Stimulus , GDP etc .
- As I always say , Bears last for only 1 day in Bull Market.
- Bulls come roaring back the next day.
- Every Correction is an Opportunity to go long in Bull Market.
- Yesterday we fell a bit due to Intraday Volatility but then closed at the high Point of the day.
- Bank Nifty was volatile between 35000 and 35500.
- The Good news is that India VIX has fallen 10% Yesterday.
- Put Options premium fell by 70-80% for weekly options Yesterday.
- I'm looking to sell 14300 PE on every dip on Nifty.
- 15000 is a resistance going ahead and the next resistance is 15200.
- These 2 are important levels to watch out for on the upside.
- GDP data was at 0.4 on the Expectation of 0.5 which is not quite bad.
- Hence Markets reacting positively now.
- Nifty might Trade between 14820-15040 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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