- U.S Markets on Wednesday night closed 2% lower due to Inflation Fears.
- SGX Nifty broke 14500 at one point of time.
- Yesterday , U.S Fed has calmed the Inflation Fears and there was a rally in U.S Markets.
- Although SGX Nifty is indicating 150 Points positive now.
- It is at the same level where Nifty has expired on Wednesday ie , 14700.(Thursday being a holiday for our Markets)
- We track all the Global news being an option writer via hedging.
- For those who didn't track any missed all the action.
- Since last 3 Months our Markets have been Consolidating and are in a fairly Rangebound zone.
- 14200 to 15400 is the wider range.
- 14200 to 15000 is the shortened range.
- I expect this range to continue for some time now.
- Some Exceptional event or news might trigger this range to break but I don't see it In near term as of now.
- Smart players have been trading this range very well and have made fantastic returns.
- Ranging Markets test your skill and patience as you require skill.
- As they say , Even a Donkey can make money in Trending Markets but it requires skill to make money in ranging Markets.
- As per research 95% traders make money in Trending Markets and lose all in Ranging Markets.
- FII's and DII's have been net sellers throughout the last week.
- Right now they are holding agressive short positions.
- 14500 is a near term support. Markets might test this level in coming days and if this sustains we might expect some short covering.
- As of now we have Negative Global cues and slightly positive local cues.
- We may open gap down but chances are dips will be bought into.
- Reliance is near its lower band of 1900 so that can be bought with a 1% Stoploss for short term.
- Akshay Tritiya is round the corner so Jewellery stocks would be in focus.
- Nifty might Trade between 14560 to 14820 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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