- U.S Markets closed Flat Yesterday.
- U.S Markets aftee hitting all time highs a Month ago now seems to have gone into Consolidation.
- Right now U.S Futures are mindly higher.
- SGX Nifty is almost flat.
- Yesterday was a Volatile day for our Markets.
- Bank Nifty after being up 400 points fell 500 points then recovered 300 then finally closed 200 points lower.
- Due to this Nifty was also in a Consolidation phase yesterday.
- Today as well I expect the Consolidation to continue.
- 15600 , 15700 CE have added high open interest yesterday.
- Same was 15500 & 15400 PE have also added good amount of open interest.
- As of now the upside seems limited & there's not much downside too.
- Coming to Bank Nifty , 35500 CE has added high open interest and on the downside 35000 PE has added good open interest.
- We can expect Bank Nifty to be Volatile in this 500 point range.
- ITC has declared sub par results yesterday with a dividend of ₹5.75 per share.
- ITC has a good weight in Nifty so it will be interesting to see how it performs.
- Wednesdays are the penultimate days before expiry so they are likely to be quite Volatile.
- Any dip towards yesterday's low on Nifty near 15530-15550 is a buying opportunity.
- Same way on the Bank Nifty any dip close to 35200-35300 is a good buying opportunity.
- India VIX was slightly higher which shouldn't matter coz Nifty futures closed at significantly higher premium yesterday.
- Trade the range that's the plan for today and don't chase rallies nor short the falls.
- Take contra trades near the Boundaries.
- Nifty might Trade between 15520 to 15680 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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