- US markets touched another record high on Friday.
- Asian markets are majority higher.
- SGX Nifty is down 200 points.
- With Very Positive Global cues we have negative local cues.
- Covid Cases are on the rise. There's no peak to be found near.
- India is struggling to manage and the mishap caused due to their negligance.
- The word Lockdown hasn't been used by Govt but almost all the restrictions are equal to Lockdown.
- Last 2 Monday's SGX Nifty fell 400 Points each.
- Today we have a gap down of around 200 Points.
- The Question is "how much will we fall today"?
- Bank Nifty Is very bearish and almost down 20-25% from its all time highs.
- HDFC Bank has come out with results but they seemed to be below par.
- All these factors would add up to more weakness in the Market.
- On Friday both FII's & DII's were net buyers.
- Puts were written Aggressively near 14500 and 14200.
- This might be a knee-jerk reaction and a panic sell.
- I dont see big fall might happen today.
- One can sell 14100 and 14000 Put options of weekly expiry as ViX would be high and only 3 trading sessions are there for this expiry.
- Wednesday being a holiday.
- Nifty might Trade between 14380-14620 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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