- U.S Markets closed 900 points lower on Friday.
- Right now Dow Futures and Asian markets are higher.
- SGX Nifty is up 80-90 points.
- Last Friday was the worst day of the year for all the asset class.
- All markets fell and it was a bloodbath.
- Equity Markets fell drastically , the pace of the fall was surprising.
- India VIX was up 25%.
- There was a panic in all markets and all over the World.
- Over the weekend there were many positive and negative news over omicron.
- I have a noticed one change in trading than I used to do before.
- After the popularity of Algo trades , the Volatility is rising exceedingly.
- Machines are much faster than humans.
- Just placing numbers in machines and then the pace towards down side rises at a rapid pace.
- So Stoploss is a must now.
- Never stand in front of machines trading.
- Frankly speaking , currently I don't have a view on Market.
- Market is solely news driven.
- The news coming related to Omicron and Vaccines will drive markets for a short term now.
- However I feel Market reaction on Friday was too much and the issue of Omicron is not such big.
- My only worry for December is FII selling.
- FII's are selling non stop as if there is a crisis going on.
- The pace and the numbers at which they are selling is blowing out of proportion.
- Friday was the start of December series and they have sold heavily in Cash Market , futures and Indices.
- This is a worrying data as far as Bulls are concerned.
- My shorter range is 17000 to 17250.
- One should not be bullish unless we close above 17450 on Nifty.
- Until then Nifty is a sell on rise.
- So advice for the day is do not get overconfident that a bottom has been made blah blah and don't panic that Nifty would crash from here.
- Trade levels , respect stoploss and if confused stay out.
- Nifty might Trade between 17000 to 17250 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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