- US markets closed flat Yesterday.
- At one point of time U.S Markets were down about a percent but it had recovered all of its losses Intraday.
- Nasdaq was down whereas Dow was positive.
- SGX Nifty hit a low of 14380 Yesterday but now it's trading near 14600.
- 220 point recovery overnight.
- Asian Markers are slightly positive now.
- RBI Governer Mr.Shaktikanta Das is going to address Media today.
- This is on a very short notice and also Unscheduled.
- Markets are expecting some positive news out of the speech hence SGX Nifty is firmly higher.
- Today's Market movement will be based on what RBI Governer addresses.
- If it is a Non event Market will be trading based Global Markets etc.
- Or else if it is something important then Markets will follow RBI Governers news.
- Yesterday I mentioned that Nifty might Trade between 14500 to 14800 for some days.
- Yesterday we broke Lower level marginally but today's opening again will be within these levels.
- If nothing major comes out of RBI Governers speech then I expect this range to continue for today as well.
- Markets all over the World are in a Consolidation zone.
- This Consolidation is happening with high Volatility and high swings.
- Last 2 Months March & April on a close to close basis Markets have gone nowhere and are at same level.
- Only a trader knows what was the Volatility durring these times.
- So the Market focus would be on Shaktikanta Das today as he would be takikg Center stage.
- Remember that tomorrow is expiry and Wednesdays session is very Volatile.
- Nifty might Trade between 14400-14780 today.
- Slightly bigger range today as we have a news based event today plus Wednesday Volatility would also kick in.
- I haven't done any changes to my positions except I've shifted 14900 CE to 14800 CE when Markets fell yesterday.
- Remaining Positions I'm holding still.
- 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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