- US markets closed at all time high.
- U.S Markets have broken out from a ranging scenario.
- But Asian markets are Underperforming U.S Markets.
- Asian Markets are flat/Negative.
- Yesterday we witnessed an intense selling in the first hour.
- This selling magnified during the day.
- I would term it as a Panic selling.
- Due to highest number of cases , gradual lockdown rules in some states.
- Covid 2nd wave fears there was a big selling Yesterday.
- FII's were net sellers Yesterday.
- DII's also didn't come to support the Markets at lower levels.
- Bank Nifty was the Culprit.
- All Financial stocks were targeted and surprisingly even after such a big fall IT index was Positive.
- So the target was Financial stocks.
- I feel Yesterday was a knee-jerk reaction and a bit of Panic selling.
- I had warned Yesterday that Volatility may tap up.
- I have been observing from last 3 Months whenever SGX Nifty closes around 20 , the next week it jumps higher.
- Those who sold Put Options Yesterday will be having a tough time.
- Yesterday's low of 14500 will act as a good support for the rest of this Expiry.
- 15000 CE has the highest open interest.
- If 14500 breaks then we will witness 14250.
- As of now I'm selling Call Options on every bounce using 50% of my Capital.
- If 14500 breaks I'll be selling CE's aggressively.
- Nifty might Trade between 14460 to 14740 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
Comments