- U.S Markets closed flat on Friday.
- Right now , Asian Markets are higher.
- SGX Nifty is at 17900.
- TCS has declared results over the weekend and the results seem sub-par.
- We cannot judge how a stock reacts just after results as it depends on the long -short position existing during that instance.
- IT Stocks have run up quite a lot factoring in good results and now any sort of disappointment could be damaging.
- Over the weekend Reliance announced Takeover of Solar company.
- It was done to tighten its grip in the power sector.
- 18000 CE has the highest open interest in weekly as well as monthly expiry.
- Despite Nifty going to 17940 on Friday , open interest kept adding.
- These sellers are quite confident on Nifty not taking out 18k soon.
- If by any means 18k gets taken out , Market will rally 100-200 Points in no time.
- All these writers could be trapped propelling the Market higher.
- RBI Policy as expected was status quo on Friday and INDIA VIX fell considerably.
- Option premiums on both the sides are very low for October series.
- We have 12 trading sessions in October now as we are having two public holidays.
- Decay will be faster citing the same.
- Any dip close to 17850-17800 is a buying opportunity.
- Look to build positions on dips towards the long side.
- 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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