- US markets closed Flat Yesterday.
- Asian markets are also Flat.
- SGX Nifty is down 20 points.
- Markets all over the World are in a Consolidation phase.
- Yesterday Nifty opened 200 points lower but closed exactly at same level as of Friday.
- This is an option writers delight.
- Yesterday's price action suggests that People are ready to buy at lower levels.
- Vice Versa people are ready to book profits and sell at higher levels too near 15k etc.
- I expect this Consolidation to continue going ahead for few more days.
- I have sold 14200 PE & 14950 CE Yesterday.
- Both were trading at very good premiums Yesterday.
- Premiums are still higher consolidating 3 days left for expiry.
- Yesterday India VIX crossed 24.
- When VIX is high Premiums are high & so is the Volatility.
- That's why even far away options having good premiums now.
- We have been trading between 14200 & 15000 and Market has been making big swings within this range.
- This Consolidation could go on for a week or so.
- FII's have become net sellers whereas DII's continue to support the Market at lower levels.
- Covid Cases are gradually reducing and there is a recovery in worst effected states like Maharashtra etc.
- Reliance in spite of posting decent results was down Yesterday.
- 14800 CE has the highest open interest in weekly expiry which indicates we may find it as a big resistance.
- Similarly 14500 PE has the highest open interest in Put options.
- Had taken 14800 straddle in the previous expiry and now sitting with almost 200 Points profit per lot in just 4 trading sessions. (23% return Approximately)
- 300 Points is nothing for Nifty in this kind of Volatility but expecting Nity to trade within this range for 1-2 days or maybe for this expiry.
- Nifty might Trade between 14560 to 14780 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
Comments