- U.S Markets closed 450 points lower yesterday.
- Surprisingly , Asian markets are outperforming Global Markets.
- Right now Dow futures and Asian markets are higher.
- Yesterday U.S Markets were trading higher for most part.
- News broke out regarding an Omicron case found in California.
- This caused huge panic selling.
- U.S VIX crossed 30 yesterday.
- VIX above 30 is a red flag and one has to be careful.
- Yesterday for the first time after many sessions we had a stable closing.
- Bank Nifty closed strong and showed some momentum.
- Nifty at one point witnessed selling but was bought into from lows.
- Smart money has been shifting from Global Markets to Asian markets.
- Asian Countries haven't discovered an Omicron case yet.
- I expect Markets to consolidate for some time now.
- 17000 to 17300 could be the range.
- Unless any fresh news or triggers are emerged this range could play out for 2-3 trading sessions.
- Bank Nifty looks strong and 36000 is a good support.
- Put option premiums are quite high whereas Call options are not that attactive.
- FII's have sold about 2700 crores yesterday but DII's have bought for 3400 crores.
- Nifty might Trade between 17050 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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