- U.S Markets closed lower Yesterday.
- Right now Dow Futures are higher.
- SGX Nifty is near 17420.
- Yesterday the Markets opened above 17400 and also sustained for first half.
- In the Second half it was Volatile and we witnessed slight profit booking.
- Nifty closed below 17400 Yesterday.
- Today also I feel that this Gap up on a close to close basis might not hold on.
- 17250 to 17450 is the range for Nifty.
- Yesterday SGX Nifty made a high of 17450 as U.S Inflation data was according to the Expectations of Market.
- As soon as U.S Markets opened , there was a heavy profit booking.
- Today also I expect Nifty to be Volatile between 17250 to 17450.
- The Plan for today is to sell 17000 and 17100 Put Options of Next week Expiry.
- Provided if Nifty comes to 17300-17250.
- I won't be selling Call Options as I expect a Breakout on the higher side in due course.
- Premiums are too low now as VIX closed lower Yesterday.
- Right now it's not favourable to sell Options.
- As VIX inches higher and there's a big swing in the Market that would be favourable to sell Options.
- Bank Nifty is totally sideways and is going nowhere.
- It goes up one day comes down another day trading at same levels towards the day.
- Nifty might Trade between 17250 to 17450 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