- U.S Markets closed higher Yesterday.
- Asian Markets are higher.
- SGX Nifty right now is at 17780.
- There's only one word to describe the current Market and that is "Volatile".
- Market has been Highly volatile for this October.
- Nifty went up from 17450 to 17850.
- Then fell to 17600 Yesterday and now indicating a big big gap up.
- Probably until Results declaration and RBI Policy which is due tomorrow, the Volatility is likely to continue.
- Such Volatility is not good for short term traders and Option sellers specifically.
- U.S Markets in Pre - Market were down 300 Points but have now recovered and are in Green.
- U.S VIX fell by 15% Yesterday from day high.
- Yesterday India VIX rose 5% , expecting it to come back to Normal today.
- Bank Nifty actually closed stronger than Nifty that's due to HDFC Bank.
- Bank Nifty was down 0.5% whereas Nifty closed 1% lower Yesterday.
- Nifty future was trading at discount Yesterday this shows that the Market has been oversold.
- 17700 to 17900 should be the range for today.
- Dips close to 17700 should be a buying opportunity for the day.
- Nifty might Trade between 17700 to 17900 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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