- U.S Markets closed Flat Yesterday.
- Asian Markets were weak.
- Right now Dow Futures are Slightly lower & Asian Markets futures are very weak.
- SGX Nifty is Trading near 16630.
- Something Unusual happened Yesterday.
- Above is Yesterday's chart of Nifty.
- Nifty Yesterday from 16700 to 16640 then broke 16700 and went 16712.
- As soon as Nifty broke 16700 Call Premiums rose significantly.
- Many Traders assumed this Green Candle as a Breakout and went long.
- Within few minutes Nifty again came back to 16640.
- This shows that Big People who control the Market do not want Small Trader's to make money.
- They will sometimes give fake trading signals let you enter into trade and then take away your Stoploss.
- Trading is a business and when you enter into a new business your competitor won't keep a red blanket to welcome you.
- They will do all the tricks to throw you out of the business so that they are in control.
- This isn't the first time this has happened.
- This has happened numorous times in the past as well.
- That's why Trading is Competitive because you are competing with people who have thousands of crores.
- If you are not on top of the game then you become an easy trap.
- Luckily I wasn't trapped Yesterday as I was waiting for a Breakout confirmation but it didn't happen.
- Aware of such tricks by big players I sold 16750 CE and that worked well.
- Yesterday was a flat day if you see closing basis but for directional players all stoplosses were hit.
- Today we have the Monthly Expiry.
- Asian Markets look weak so rangebound option sellers who sell call and put both and then manage should be careful.
- Today we can have a big move on one side.
- Premiums are too low and not at all attractive.
- So trade with very less volume today and only on comfortable entries.
- 16500 is the support and 16700 is a resistance.
- Expect Nifty to expire within these levels.
- If any of the above level breaks then one could play directional trade.
- Bank Nifty looks weak.
- Any rallies should be sold into.
- Nifty might Trade between 16500 to 16700 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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