- US markets fell Yesterday.
- Nasdaq down more than 300 Points.
- Technology stocks are facing a hit as they are highly Overvalued abroad.
- Asian Markets are all Trading lower.
- Ten year bond yield has gone up from 1.14% to 1.49%.
- SGX Nifty Indicating big gap down today now trading at 15020.
- Yesterday Markets broke 15k and closed significantly higher.
- Now Markets indicating severe gap down.
- I mentioned Yesterday my range for expiry as 14800-15200.
- Markets are highly Volatile within this range.
- Option writers who exited calls yesterday after big rally and held puts will again face severe hit today.
- This Volatility will cause Attacks to writers.
- Plus today is weekly expiry.
- 15100 Put has 39L open interest whereas 15000 Put has 59L open interest.
- If we start trading lower big unwinding will happen in these options.
- This can create more panic on the downside.
- I've sold 15000 PE & 15300 CE Yesterday.
- Expecting this gap down to cause some issues.
- Will look to manage positions and consider doing Adjustments.
- I expect some sort of recovery in the first half.
- Second half is crutial today.
- Markets fell on the back of rising bond yields on Friday.
- Will Markets react to this news again is a matter of fact.
- Nifty might Trade between 14960-15160 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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