- U.S Markets closed slightly lower Yesterday.
- Asian Markets are all mostly higher.
- SGX Nifty is almost flat near 15250.
- Bank Nifty had underperformed yesterday.
- HDFC bank in particular dragged Bank Nifty.
- Reliance is also trading lower.
- The frontline heavyweight stocks are in a Consolidation phase.
- I expect this to continue today as well.
- Yesterday high Open Interest has been added at 15300 CE.
- Bank Nifty also added huge open interest at 35000 CE.
- These levels will act as a huge resistance for the next 2 days.
- But however this is Monthly expiry week & due to Expiry related issues things might change.
- FII's were net buyers whereas DII's sold Yesterday.
- India VIX at one point of time was higher 10% but closed below 19.
- Option Premiums are too low that indicates not a big move ahead.
- Even June Expiry options are trading at such steep discounts.
- Markets are slowly inching higher and it's a matter of time before we hit fresh all time highs.
- However for today and tomorrow I'm slightly bearish.
- Wednesdays are generally highly Volatile considering the expiry day the next day.
- Use every dip to buy for long term point of view.
- Nifty might Trade between 15120-15320 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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