- U.S Markets closed flat yesterday.
- Right now Asian Markets are lower.
- SGX Nifty is flat at 18260.
- Yesterday it was a surprise rally in our Markets .
- From past 1 week all the gap ups and rallies have been sold into.
- Yesterday the Markets reversed and witnessed some short covering towards the end.
- Nifty closed at the highest point of the day.
- India VIX fell 6%.
- It was a dream day for option writers.
- Today will be an Equally volatile and difficult day for option writers.
- Wednesdays are generally highly volatile and Market turns violently on both the sides.
- Yesterday because of some good corporate results Nifty outperformed Bank Nifty.
- After Market hours Axis Bank has come out with results and it were better than expectations.
- Banking stocks have run up too quick in last week so have to see the reaction of the stock.
- 18000 seems to be a strong support now for our Markets.
- For November Month as well , highest open interest added at 18000 PE.
- Expect Nifty to expire between 18100 to 18350 now.
- I had mentioned Nifty had bottomed out at 18050.
- On Intraday basis it fell below 18050 for a brief point of time but never closed below the level.
- 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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