- U.S Markets were higher Yesterday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 17500.
- Yesterday our Markets recovered all the losses of Monday.
- Most Importantly , India VIX fell 6% Yesterday.
- Fear has been subsided now for the short term.
- U.S VIX fell 10% Yesterday.
- Yesterday in the first half our Markets were highly volatile.
- Nifty futures fell below 17400 more than 5-6 times during the day.
- Yesterday when our Markets were trading , Dow futures were higher by 200 Points.
- This subsided the fear in our Markets.
- Yesterday it was a highly Volatile session.
- For this Expiry each and every day has been highly volatile and uncertain.
- Expecting today to be a rangebound day.
- As this Expiry has already been volatile , Wednesday might not be that volatile as they used to be.
- Both FII's and DII's were net buyers yesterday.
- 17500 strike price has the highest open interest in weekly expiry.
- 17300 which was the yesterday's low is a good support for us.
- 17630 is a strong resistance for this expiry.
- I expect Nifty to expire within this range for the this Expiry.
- We have a global event lined up tonight that is FOMC meeting.
- They would be talking about Tapering etc.
- So I advice not to carry heavy positions home for tomorrow.
- Nifty might Trade between 17400 to 17650 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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