- U.S Markets were slightly higher yesterday.
- Right now U.S Futures are higher.
- Asian Markets are mixed.
- SGX Nifty is up 30-40 Points at 17420.
- A word that can be used to best describe Yesterday's market was "Volatile".
- Yesterday was a highly Volatile Market after many days.
- Nifty fell 100 Points as soon as Market opened to 17300 recovered 150 Points and was near 17450 again fell 80-100 Points to close at 17350.
- While all this was Happening , India VIX did not go higher.
- India VIX was lower throughout the day.
- This Volatility indicates we might have made a temporary top at 17500 for this Expiry.
- This Expiry range comes out between 17200 to 17500.
- Wednesdays are mostly Volatile days for the week but such Volatility was witnessed Yesterday.
- Wonder what will happen today.
- I would be trading at Extremes today.
- When Market dips and is near 17250-17300 I would be selling Put Options with a stoploss of 17200.
- Near 17450-17500 would like to sell call options above 17500 with a stoploss of 17500 on Nifty Spot levels.
- This is the best way to tackle a Volatile Market.
- I used the same Strategy Yesterday.
- Bank Nifty I would like to ignore bacause there are too many Freak trades going on.
- Within Seconds the prices of Options are rising enormously without any reason.
- Bank Nifty by nature itself is highly Volatile plus these moves makes it even more difficult to trade.
- Stick to Nifty unless things settle.
- Nifty might Trade between 17240 to 17460 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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