- U.S Markets closed higher Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mixed.
- SGX Nifty is trading above 15800.
- From Last couple of days , we are opening higher but witnessing profit booking during the day.
- This is due to FII's.
- FII's have been selling consistently since past many days.
- DII's and Retail People have been supporting this Market.
- Market is not actually bearish but it's been tiring at higher levels.
- Some trigger is expected to take the markets higher above 15900.
- Next talk of the town in India VIX.
- India VIX yesterday firmly broke 13.
- Now the option Premiums are very very low.
- Even in the Money options are at too little premiums.
- This cannot continue for long.
- Option sellers now have become very easy and selling very near options.
- As and when VIX rises , these will be trapped.
- Low VIX also indicates dull Market.
- Market is very dull now and Movement is very slow.
- Yesterday I slept looking at trading screen as it was too boring.
- Nifty has highest open at 15700 PE & 15900 CE.
- These levels might act as good support and resistances for this Expiry.
- Im selling options even now but for very small targets and short time.
- Not holding it for too long and exiting mostly Intraday.
- Usually Wednesdays are Volatile and I expect some Volatility to kick in today.
- Nifty might Trade between 15700 to 15900 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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