- US markets closed higher on Friday.
- Asian markets are higher.
- SGX Nifty indicates more than 100 Point gap up as of now.
- Thursday it was a big down , today a big gap up.
- Volatility continues to be extreme.
- India VIX was up on Friday which is natural when Market goes lower.
- Today's gap up is majorly due to good Job numbers posted in U.S
- Market is being Volatile but is Trading within the range.
- Rangebound Approach is to be adopted for making money in this Market.
- Mean Reversion strategy should be used by students attended training from me.
- The primary range is 14800 to 15200.
- Broader range is 14500-15200.
- Take counter positions near extremes and apply Mean Reversion.
- Fundamentals data from China is also good.
- They have reported good Export Import data.
- It's March End and it's Financial Year closing time.
- Squaring up of positions , booking profits etc are natural in such scenario.
- Volatility can increase as we go ahead in March series.
- Nifty might Trade between 14920-15140 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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