- U.S Markets closed lower on Friday.
- Right now U.S Futures are Trading higher.
- SGX Nifty is Trading near 15900.
- Asian Markets are higher.
- There were some positive news over the weekend.
- The GST Collection for July came at 1.16 lakh crore.
- This is the top 3 highest GST Collections till date.
- Auto Companies reported good sales numbers.
- Due to these positive news we are indicating towards a 100 points gap up.
- I would sell if we open near 15900.
- At 15900 I would short the Nifty with 50% of my volume and near 15950 I would look to short again with 50% of the remaining volume with a stoploss of 16k.
- If it works its well and good. Else I'm prepared to take my Stoploss.
- 16000 CE continues to have highest open interest for August series.
- July series too we had the same situation.
- Thus we can expect it to act as stiff resistance.
- Surprisingly , 15000 PE has the first highest open interest in August.
- Second highest Open interest is at 15500 PE.
- This shows that people are more fearful of the downside than the upside.
- These are data points which you need to consider.
- Nifty might Trade between 15740 to 15920 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