- U.S Markets closed a percent higher on Friday.
- SGX Nifty crossed 14850 on Friday.
- Right now U.S Futures and Asian Market's are marginally weaker.
- SGX Nifty is trading around 14770 now.
- Markets have been in a rangebound zone and have been Consolidating from quite some time now.
- Last week the U.S inflation data triggered a fear in our Markets.
- Due to the same Volatility has increased.
- Friday was a fairly Volatile day.
- Nifty traded within 100 Point range but there were big swings throughout the day.
- Bank Nifty fell a percent on Friday.
- Bank Nifty looks weaker than the Nifty.
- We have SBI results coming this week and if this is positive then it may trigger Bank Nifty higher.
- As of now 14800 and above seems to be a strong resistance as calls have been written aggressively from 14800 and above.
- More call writing is going on than puts.
- Remember, option writers can also be wrong and small rally might propell the markets higher.
- 14350 to 15000 is the range I expect the Market to trade these coming 4 days.
- So as when you get sharp dips or sharp rallies one can sell 14350 PE or 15000 CE etc.
- I've sold 14700 Straddle at 450₹ on Friday.
- First 2 weeks on May markets went nowhere.
- Usually when this happens Markets tend to make a big move while getting near to the last week of expiry.
- Both DII's & FII's were net sellers last week.
- Nifty might Trade between 14580 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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