- U.S Markets at one point of time were down 850 Points.
- But has recovered 300 Points in last 30 minutes.
- Right now , Dow Futures are higher.
- SGX Nifty is Trading near 17450.
- Hong Kong Markets are at 52 week low.
- Dow is down 2000 Points from all time high.
- Yesterday it was a highly Volatile session.
- Nifty opened lower , recovered during the day and then came severe selling.
- Nifty closed towards the lowest point of the day.
- Last 30 minutes it was a panic selling in the Markets.
- What was more difficult was rising VIX.
- Yesterday everything was down except the VIX.
- VIX was firmly in Green throughout the day.
- This rising VIX created lots of problems for option sellers and Yesterday was a difficult day to handle.
- 17500 strike price has the highest open interest.
- Lots of straddles have been added here.
- 17500 Combined premium is about 230₹.
- Option writers expecting 17270 to 17730 range for the Nifty for this expiry.
- 17250 is a strong support for our Markets now and 17500 should act as a resistance.
- Expecting VIX to come down slightly today.
- Nifty might Trade between 17250 to 17500 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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