- U.S Markets closed higher yesterday.
- Retail Sales data of U.S have come better than Expected.
- Asian markets are mixed.
- But SGX Nifty is weak.
- SGX Nifty is down 70 Points.
- Though India VIX is collapsing daily but the Markets remain to be highly volatile.
- Yesterday after 2 pm there was a huge selling.
- Last 1 hour Nifty broke 18000.
- High amount of Call Options have been sold at 18100 and above strike prices.
- Nifty is likely to test the Friday's low of 17900 today.
- This should act as the first support for our markets.
- If we are unable to hold onto this level , then we can expect further selling downside.
- 17800 should be the next support and if that is gone then 17600.
- November has been a very difficult month for traders.
- Due to such huge Volatility and unexpected moves all the traders are struggling to manage.
- Option writers are also facing issues in handling positions.
- Usually the Wednesdays are highly volatile and the Volatility is expected to go higher today.
- 18000 , 18100 and 18200 are big resistance levels for our Market.
- 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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