- U.S Markets at one point were down 300 points but closed slightly positive towards end of the day.
- Dow Futures are trading Negative now.
- Asian Markets are mostly negative.
- SGX Nifty touched a high of 16600 yesterday but now trading at 16560.
- 16500 Straddle has the open interest for this week's expiry.
- It's trading at ₹160 combined.
- So we can expect a range of 16340 to 16660 for this week.
- Tomorrow we have the weekly expiry as Thursday is a trading holiday.
- Penultimate days before expiry are highly Volatile on Intraday basis.
- Any 80-100 points dip on Nifty , I would be ready to sell 16000 PE (Monthly Expiry).
- In a Bull Market at the Beginning , all Stocks go up.
- Whether they have good Fundamentals or not doesn't matter irrespective of the same everything goes up.
- May 2020 to June 2021 we had this phase.
- In the next phase , Money shifts from lesser quality stocks to Quality Largecaps.
- We are in this phase now where the money is being shifted from Midcaps to Largecaps.
- In the 3rd phase of Bull Market only handful of Stocks (Largecaps) perform and majority stocks start correcting.
- This is the final phase of the Bull Market and we are yet to enter this phase.
- That's the reason I'm Cautioning since past few weeks not to invest into fundamentally weak stocks.
- If you are already invested , it's time to make changes in your portfolio.
- I am Slightly Bullish on Nifty whereas expecting a Consolidation on Bank Nifty for today and tomorrow.
- Nifty might Trade between 16440 to 15630 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
Comments