- US markets closed Flat once again.
- Asian markets are mostly higher.
- SGX Nifty is up 60 points.
- This week on Friday Closed at 14630. On Monday it closed at same level after 200 point gap down start.
- Tuesday we closed around 14500.
- And Yesterday again we closed around 14630.
- These consolidation and flat moves is a delight for option writers.
- I've mentioned that Nifty might Trade between 14500 & 14800 for this week.
- View continues even now.
- Todays expiry range is 14500 to 14800.
- So If you get to the extremes of the range you can implement contra trades with Stoploss.
- FII's & DII's have become net sellers now.
- Both are selling heavily.
- Still Market keeps inching higher which is surprising.
- Today's Covid Cases are at 4.12L which is yet another record high.
- India needs to implement complete lockdown to control Covid spread.
- This is not said only by me it's said by Experts like Uday Kotak etc.
- Positive economic data and tax collections is holding our Markets now.
- Always Remember markets work differently from Economy.
- A few stocks can hold market higher but the reality will hit someday.
- As of now I'm just trading the range and taking straddles & strangles.
- Today's gap up can be used 14800 CE with Stoploss according to your risk appetite.
- Valuations in some of the stocks cannot be justified now.
- Adani Green is trading at 800 PE Ratio which is insane valuation & still investors are crazy over it.
- Better be away from Political linked stocks.
- RBI Governers speech was a bit positive news for the Markets.
- Nifty might Trade between 14500 to 14800 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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