- US markets closed a percent higher on Friday.
- Yesterday our Markets were closed but World Markets were open.
- U.S Markets closed mixed Yesterday.
- SGX Nifty is now up 160 Points.
- So we are likely to open with a big gap up today.
- Asian markets are mostly higher.
- US 10 year bond yield above 1.7%.
- Bond Yield above 1.5% is a worrying sign for the Emerging Markets.
- Covid cases are also increasing across India.
- FII's have turned net sellers.
- So looking at all these paramaters I feel this is the time to sell Call Options against this gap up.
- This gap up has no Meaning.
- There are some disturbing things going on in U.S Markets.
- On Friday, Institutions have sold 20 billion worth of shares due to forced liquidation of Archego.
- You may remember what happened in U.S when there were disturbances due to GameStop.
- Indian Markets also fell at that time.
- I feel unless the things settle down in U.S now our Markets would also be weak.
- On Friday India VIX crashed more than 10% and option Premiums fell significantly.
- As 3 days are only left for expiry the premiums are lower.
- One could sell 15100 CE at open and on declines one could sell 14250 PE.
- Only those who know how to make appropriate adjustments and have skill to move with Market can take above trades with hedge to reduce margin.
- Whenever VIX goes below 20 Volatility comes back again.
- So expecting today and tomorrow to be fairly Volatile sessions.
- Nifty might Trade between 14680 to 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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