- U.S Markets closed higher Yesterday.
- U S markets are closed today due to Holiday week of Christmas.
- Right now Asian markets are mixed.
- SGX Nifty is at 17150.
- Yesterday after many trading sessions for the first time we had a stable Expiry.
- Nifty traded flat and within a range.
- The most important factor is India VIX.
- India VIX has crashed 12% in last 2 trading sessions.
- Now India VIX is close to 15.
- India VIX close to 15 indicates a stable Market.
- With not much big moves in store.
- Anyway due to a holiday week we would not be having much volumes today.
- Yesterday we had the lowest volumes of last 1 year.
- Hence Market was flat.
- Premiums are already too low now as we are in the final week of monthly Expiry.
- Time decay would also be fast considering 5 trading sessions left
- IT stocks are looking quite strong.
- Infy and Tech M have hit fresh all time high yesterday.
- The magnitude of FII selling has also come down in last 2 trading sessions.
- They have sold for less than 1000 crores in last 2 days each.
- Nifty might Trade between 17000 to 17200 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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