- U.S Markets closed mixed yesterday.
- Right now U.S futures & Asian markets are mixed.
- SGX Nifty is at 17200.
- Dow Jones is just few 100 points away from all time high.
- Yesterday after many many trading days we had stability.
- Nifty for the whole day traded within just 70-100 point range.
- Same goes with Bank Nifty as well.
- Yesterday was a very quiet and a flat day on the indices.
- 17200 PE added more than 30L contracts yesterday.
- It closed near 50 points yesterday.
- So these writers are safe upto 17150.
- As long as we hold 17150 there should be some positivity.
- Once we break 17150 then we could have more downfall as these writers would run for cover.
- Surprisingly the premiums are too less now.
- 17200 PE which is just 30 points away from spot is at 50 when we have 2 days left
- Such sort of premiums are generally on Wednesday afternoon.
- Reason is the India VIX.
- India VIX has crashed and that's why premiums are dropping significantly.
- FII's for the first time after 32 trading sessions have bought yesterday.
- Though it was just 200 crores but they were net buyers.
- Nifty might Trade between 17100 to 17300 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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