- U.S Markets closed slightly higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15900.
- Asian Markets are mostly Positive.
- Yesterday we opened higher and we're consolidating in the first half.
- Second half we witnessed profit booking near all time highs.
- 15900 is acting as some resistance now.
- Specially for Bank Nifty all rallies near 35k have been sold into Aggressively.
- Bank Nifty from last 3 weeks is Trading near 35k.
- I had done 35k Short Straddle in Bank Nifty 2 weeks ago & Exited with 300-400 Points.
- Had i been holding till today it would've been 1000+ Points gain.
- This is how weak the Bank Nifty is.
- Reliance AGM is scheduled on Thursday.
- Mota Bhai might come out with some surprises.
- Never go against Mota Bhai.
- If Nifty has to cross 16k Bank Nifty should start performing and Reliance should less the rally.
- To make 16k Possible.
- Today is Wednesday and Markets are majorly Volatile specially on Wednesdays.
- Plus Premiums are already too low for Monthly Expiry.
- Option Writers are adviced to shift for next week's expiry or better exit positions and stay away until tomorrow.
- Nifty might Trade between 15760 to 15940 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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