- U.S Markets were higher Yesterday.
- Asian Markets were higher too.
- Right now Dow futures are flat but Asian Markets are higher.
- SGX Nifty is Trading near 17900.
- Friday and Monday (Yesterday) markets opened gap up and the same has been sold into.
- Yesterday there was a decent gap up but Intraday Nifty tested 17800 and recovered from there.
- 17800 PE & 18000 CE has the highest open interest in options.
- Yesterday 17900CE also added some open interest.
- For some reason if Market does cross 17900 to 18000 then 100-200 Points rally is likely on the cards.
- India VIX shot up 8% Yesterday and closed above 18.
- Premiums have been rising for far away Options due to the same.
- Auto Stocks have performed reasonably well Yesterday.
- IT Index was down 3% and kept Nifty under pressure.
- Sectoral Rotation is common in Bull Markets.
- As the Economy is opening up money is being shifted from IT (Work from home) companies to Hotels , Holidays , movie stocks etc.
- Expect Nifty to trade within 17800 to 18000 today as well.
- We need some trigger to get out of this narrow range.
- Previously , whenever such range has developed Market has broke out on the higher side.
- In short term due to Expiry , Volatility there might be some erratic moves.
- Medium - Long term outlook is definitely bullish.
- Nifty might Trade between 17800 to 18000 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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