- U.S Markets closed more than a percent lower on Friday.
- Right now U.S Futures are down.
- Dow Futures are down 200+ Points.
- SGX Nifty is down 150 Points and trading near 15600.
- Indian Markets always tend to follow the Global Markets.
- On Friday we were down more than 2% from days high on both Nifty and Bank Nifty but witnessed a large short covering towards day end.
- Also a point worth noting is U.S VIX was gone from 15 to 22 in no time.
- Expecting India VIX to also go higher in coming days.
- Next 4 days Market is going to be highly Volatile.
- Usually the Monthly Expiry is always Volatile.
- Option Writers should be very careful and not hold positions till Expiry.
- Need to keep small targets and exit by day end.
- Carrying positions in these Markets is very risky.
- Also taking trades and holding it till the view of Expiry can also turn to be quite risky.
- First support for Nifty spot comes near 15540.
- If this is broken then Nifty could test Friday's low of 15460-15470.
- If we get closing below 15540 then things could get more bearish.
- This is for the immediate short term a sell on rise Market now.
- Those who can handle this extreme Volatility should only trade for others it's better to stay away until this Expiry.
- Bank Nifty looks to be very bearish and that's dragging Nifty much more.
- Nifty might Trade between 15440 to 15740 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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