- US markets ended flat Yesterday.
- Asian Markets are slightly positive.
- SGX Nifty is Trading close to 14950 now.
- U.S Feb minutes indicated that accomodative policy stance will continue.
- That has given an assurance to the Markets.
- Yesterday we had RBI monetary policy & it was as per Expectation.
- There were no change in Rates.
- Also RBI had come up with Interesting liquidity measure programs.
- Nobody expected this kind of liquidity measures like G Sec acquisition program, etc.
- Due to positive commentary by RBI the Bank Nifty made a 1000 point swing from intraday low.
- There was a big short covering Yesterday.
- Clearly RBI Policy was a trigger for short covering.
- I've sold 14700 , 14650 , 14600 PE Yesterday of weekly options.
- I am Confident on Global Markets.
- U.S Markets trading at all time highs so the breakout is likely to sustain with Positivity.
- Indian Markets also have some positive triggeres now.
- So selling Put options was the idea yesterday.
- Yesterday both FIIs and DIIs were net buyers in Cash market.
- 15000 CE has the highest open interest in Call Options.
- 14900 CE also had some addition Yesterday.
- If these levels taken out then we will witness big short covering.
- My Expectations for today expiry is in the first half we may be flat / negative.
- 2nd half we might go higher.
- 14700 PE on the lower side added big open interest Yesterday so this is likely to be a good support for the Markets today.
- Nifty might Trade between 14760-14980 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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