- U.S Markets until 1 pm IST were trading lower yesterday.
- After 1 pm there was a short covering rally and Dow closed 300+ points higher.
- Fed Decision was as per Expectation.
- Most Importantly , U.S VIX crashed 12%.
- Due to this Fed Uncertainty VIX has increased in India as well.
- Yesterday in last 30 mins Put option premiums shot up heavily.
- Now as the Uncertainty is over , premiums have been reduced in U.S.
- It was a relief rally yesterday in U.S
- Now U.S Markets may move towards Santa rally.
- SGX Nifty is at 17350.
- Most Important Question is will the Gap up sustain?
- 17350-17375 is the key today.
- If we sustain above these levels for 30 mins then likely we will be having a follow through kinda day.
- Else FII's may sell into the same later during the day.
- 17300 CE added huge open interest yesterday.
- Hence if Market starts sustaining these sellers would be in trouble and would propell Market even higher.
- First 30 minutes no trade should be taken and once should be observing the price action unfold.
- After Clarity , decision can be taken.
- FII's selling is accelerating day by day.
- Yesterday they have sold for more than 3400 crores.
- Nifty might Trade between 17250 to 17500 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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