- U.S Markets closed flat Yesterday.
- S & P 500 hit a fresh all time high Yesterday.
- Asian Markets and Dow futures are flat now.
- Yesterday was the most Volatile expiry after March 2021.
- In March Monthly expiry I remember Nifty fell 200 Points Intraday , recovered all the losses and again fell during the day.
- It was a 3 sided move but fortunately was only 2 sided.
- I have stopped doing weekly options sellng on Expiry and on Expirys I'm shifting to next week expiry options.
- Reason is premiums are too low and moves like yesterday can make you bankrupt.
- For earning pennies the risk is too high.
- Yesterday DII's turned buyers after selling for 2 days continuously.
- FII's still remain net sellers.
- In the past I've observed no correction has lasted over 500 points on Nifty.
- Last month Nifty fell from 17950 to 17450 made a bottom and then blaste higher.
- This week we have got a correction of 500 points exactly.
- Also most of Nifty stocks are down 3-4% except banks and Reliance is going to declare results today
- Reliance was down 2% yesterday so good numbers can lead Reliance and Nifty higher.
- I expect 18000 to 18500 to be broader range for Nifty on this expiry.
- I expect today's gap up to get sold into in first half and consolidation towards the day.
- If we consolidate today and don't keep falling then it's a bottom else there is downside more to come.
- Nifty might Trade between 18100 to 18350 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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