- U.S Markets closed Flat Yesterday.
- Dow Futures are flat.
- Asian Markets are flat.
- SGX Nifty is also flat at 16370.
- Yesterday we had a good strong expiry.
- In the Blog Yesterday, I had mentioned I was expecting a Rangebound expiry with a positive bias.
- Yesterday's expiry happened exactly the same.
- Smart option writers made huge money yesterday.
- Slowly but steadily market is inching higher.
- It's surprising to see markets going up in straight line.
- Usually we see big scary corrections in Bull Market.
- This Bull Market hasnt witnessed a correction above 5% at any point of time.
- This is what worries me , Market going up or down in a straight line is not good.
- When Market falls in future it will be equally severe.
- That's In future , but in present this Market is looking strong.
- Momentum is with Largecaps and money is shifting from Small Cap / Midcap to Large Caps.
- Option Buyers are not getting much from this Market.
- Movement is there but it's quite slow.
- India VIX is now below 12.
- Option Buyers will have their time but once in 2 weeks (Like they made money when Nifty brokeout of 16k)
- Option sellers should be vary of that move and be smartly making money in Consolidation phase.
- Nifty might Trade between 16260 to 16440 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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