- U.S Markets closed higher Yesterday.
- Dow Futures opened higher but witnessed slight profit booking in last 30 mins.
- SGX Nifty is trading around 15k.
- Yesterday it was a sluggish expiry.
- Nifty was trading at 15k for most of the day but Markets fell suddenly.
- Such sudden falls happen quite a lot of time on expiry days.
- May upto now has been a failry ranging month with just a few big moves.
- Expecting 200-300 one sided move on Nifty in this week.
- Bank Nifty is fairly dependent on SBI results today.
- SBI results would decide the future trend of Bank Nifty.
- I had taken a strategy on SBI which got exited yesterday by mistake.
- I take a lot of trades in Bank Nifty , Nifty etc so I just exit all the positions by clicking select all option.
- By mistake SBI trades were exited too.
- It got exited in Breakeven so I would advice all the readers if they are still into the SBI trade please exit.
- Fresh levels of entering the Stock may be given today after results or by Monday.
- Expecting the Volatility to increase a bit higher since it's the last week of May series.
- I've done 15k short Straddle at 300₹ yesterday for May series.
- This Straddle is safe up to 14700 and 15300.
- I'll be doing lot of adjustments too after taking straddle which obviously cannot be posted here.
- Nifty might Trade between 14920 to 15080 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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