- U.S Markets closed at all time high on Friday.
- Asian markets are Underperforming the Globe.
- SGX Nifty today Morning is down by 200 points.
- There were rumours that the Maharashtra will go for 15 days of complete lock down.
- India has recorded more than 1.5Lakhs of positive cases Yesterday.
- Many States have started to announce restrictions.
- Market is contemplating a severe 15 days of complete lockdown where cases are too high.
- Right now , there's no such official announcement made.
- Still Markets are in a Panic selling mode.
- Whether this dip will be bought or not only time will say.
- We have only 3 working days left for this Expiry as Wednesday is a Holiday.
- 14500 which is the previous week is a strong support.
- Today we also have many IT Companies announcing their results.
- IT companies coming up with Positive results will itself boost the sentiment of our Markets.
- On one hand U.S Markets keep hitting fresh all time highs and the local cues keep getting worse day by day.
- India is in a brutal second wave of Covid Cases but I think this is Temporary.
- We have a Vaccine now and in next 30-40 days if we are able to give 10 crore doses of Vaccine the cases will reduce drastically.
- The Markets are a buy on every dip and there's no reason to be bearish in the long term.
- It's just that sometimes these moves take out the weak longs and over leveraged bullish traders.
- Will be selling 14200 and 14300 PE of weekly expiry today after observing the price action and premiums.
- Nifty might Trade between 14620-14840 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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