- US markets opened positive but immediately witnessed a good amount of profit booking.
- Dow up 300 Points.
- Asian markets are mostly weak.
- SGX Nifty is higher, trading around 15060 now.
- Yesterday Markets did gap up but then got sold off then recovered again sold off and closed almost flat.
- It was a highly Volatile intraday session but on a close to close basis Market was up only 18 points.
- Bank Nifty is taking support at 35000.
- This seems to be a strong support area.
- The concern now for Bulls is even FII's have started selling now.
- Selling is a bit aggressive now.
- But FIIs keep selling.
- They have sold for Rs 1500 crores Yesterday.
- In F&O also, they have added short positions.
- Also huge amounts of Call writing has been done 15000-15200 call options.
- This is a truncated week so the expiry is tomorrow itself.
- Options premiums reduced drastically yesterday as they were very high on Friday.
- Expecting this expiry between 14800 to 15200 with heavy Volatility.
- Nifty might Trade between 14940-15160 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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