- U.S Markets closed lower yesterday.
- Asian markets and Dow futures are lower right now.
- SGX Nifty is indicating 20-30 point lower opening.
- There is only one word to describe these markets.
- That is Volatile.
- Markets are on a serious Volatility in November series.
- I've seen Corona Virus , Nirmala Candle , Taper Tantrum etc and handled well.
- But this November Volatility is too much.
- 17800 is the next support for Nifty.
- Bank Nifty is too weak.
- Friday's low has been breached for both Nifty and Bank Nifty.
- We have a long weekend coming so traders wouldn't like to carry their positions on weekend.
- Expecting a high volatile expiry today.
- Bank Nifty Feb high was 37700.
- After this Bank Nifty fell a bit went to 41800.
- All these gains have been wiped out in just few weeks.
- 18000 CE has added huge open interest in both weekly & monthly options.
- These levels are not likely to breach today.
- Short term view is bearish.
- I'm selling only call options now with hedge.
- Nifty might Trade between 17750 to 17950 today.
- Any bounce towards 17950 to 18000 should be sold into.
- 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
Comments