- U.S Markets closed higher on Friday.
- Right now , Dow Futures are flat.
- Asian Markets are mixed.
- SGX Nifty is Trading near 16800 now.
- 16700 was a resistance for Nifty.
- Market closed Exactly near the resistance on Friday.
- Previously as well I've mentioned that Big players generally do not give a chance for Small players to enter in such situations.
- Generally when Breakout has to happen it happens with a gap up.
- Today it's Exactly the same.
- Jerome Powell the U.S Fed Chairman indicated that the Tapering process would begin by the Year end.
- Also he Cleverly indicated that Interest rates would not be hiked in near future.
- When I was a Child I used to love Chocolates.
- So my mother used to add a tiny pinch of Chocolate to Healthy food and make me eat.
- Jerome Powell has done exactly the same & Market as of now had a relief.
- Tomorrow we have the Most Important GDP data coming up.
- U.S Fix on Friday crashed more than 10% and crashed below 16.
- India VIX is the range of 12-13.
- Historical low for India VIX is 10.
- We are almost approaching the Historical low now and Premiums are not attractive.
- Option writers have to trade sensibly in such Scenario.
- VIX coming down from high is Positive whereas VIX going up from lower levels in Dangerous.
- As and when Resistance breaks it becomes a support.
- Today if we sustain over 16700 then 16700 can be a good support for this Expiry.
- Nifty might Trade between 16700 to 16880 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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