- U.S Markets were Negative yesterday.
- Dow Jones was down 600 points at one instance but closed more than 400 points down.
- Even now Dow Futures are Negative and are down 100 Points.
- Bad job numbers reported by U.S is showing its negative impact on U.S.
- Asian markets are mixed.
- Some are Positive while others negative.
- SGX Nifty is down 50 points.
- We have monthly expiry today for Nifty & bank Nifty.
- 15000 CE continues to have highest open interest.
- 14800 straddle has added huge amounts of open interest Yesterday.
- Today evening US will declare its Inflation data.
- This will be tracked carefully to get an idea about interest rates.
- India VIX for the first time in May closed below 20.
- Option premiums are too low today.
- I haven't seen such low premiums since Jan 2020.
- Option writers have to be careful now as Option Buyers may start Gambling with such low premiums and increase Volatility.
- First 2 weeks of May were very silent and there wasnt any heavy turbulence.
- I feel next 2 weeks won't be the same for May and Volatility will spike up.
- Still we are in that same old range 14200 & 15000.
- Trade the range & catch the swings.
- I might not trade heavily for today's weekly expiry considering such low premiums.
- Nifty might Trade between 14740 to 14920.
- 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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