- U.S Markets closed flat Yesterday.
- Asian markets and Dow Futures are slightly higher.
- SGX Nifty is trading near 18200.
- Yesterday as well SGX was indicating a gap up near 18220 but markets opened at 18140.
- After opening we tried to go near SGX level but 18200 became a stiff resistance.
- 18200 CE added 50L contracts yesterday.
- 18200 CE has been sold heavily yesterday and 18000 PE as well.
- Option sellers are expecting a tight range of 18000 to 18200 for this expiry.
- In the past as well when there has been heavy call writing Market rallies as and when this call writers get in trouble.
- November has been a failrly rangebound and volatile Market.
- There have been big moves within the range.
- India VIX was also higher by 3% yesterday.
- Yesterday the low for Nifty futures was 18100.
- 18100 got tested yesterday and Market has respected this level.
- Nifty is looking strong but Bank Nifty is looking quite weak.
- 39000 CE was sold heavily yesterday.
- Hedging could be done selling CE in Bank Nifty and PE in Nifty.
- There is higher margin of safety in Nifty currently.
- Nifty might Trade between 18080 to 18250 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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