- U.S Markets closed lower Yesterday.
- Dow Jones fell for 3 Consecutive sessions now.
- Asian Markets are mostly lower.
- SGX Nifty is down by 30-40 Points near 17330.
- Yesterday as Expected Markets were highly Volatile.
- First half was quiet but in second half there no package announced for Telecom Sector.
- Due to this Nifty fell 100 Points Intraday to 17250 but ultimately recovered towards the end of the day.
- 17200 to 17500 range stayed intact and trading near boundaries worked well.
- Today im Expecting Volatility to continue.
- Global Markets are weak but our overall trend is up.
- We are in for a long weekend as there is a local holiday tomorrow.
- 3 days long weekend traders won't like to carry Positions home.
- Both side moves would be there today and not a one sided move.
- In this kind of Market it's better to focus on Trading the range.
- Yesterday's range was 17250 to 17400 broadly.
- Expecting today's range between 17230 to 17450.
- If Nifty gaps down towards 17280-17250 I would be looking to sell 17200 PE with a stoploss of 17200 on Nifty Spot levels.
- Closer to 17400-17420 I would look to sell 17450 or 17500 CE depending on Premium.
- I would not like to trade in next expiry options today because of a long weekend.
- I would like to trade in today's expiry options only if Market gives in my range.
- Otherwise I would be sitting quiet without doing anything.
- Do not force trades specially on Expiry days.
- Nifty might Trade between 17220 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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