- U.S Markets closed lower on Friday.
- U.S reported poor job numbers data and that led to selling in the Market.
- Asian markets on Friday and today are outperforming global Markets.
- SGX Nifty is at 17930.
- Market has reversed twice from levels of 17900-17950.
- We are likely to open near the resistance.
- 17900 CE has added good open interest on Friday.
- 18000 CE has the highest open interest both in weekly and monthly options.
- Markets are likely to face pressure at these levels.
- Bank Nifty 38000 CE has added highest open interest.
- This week is going to be quite important for the Market.
- This is because we are going to have lots of news flow.
- India and U.S both will be announcing inflation data.
- IIP data will also be announced by India.
- IT companies are set to declare results on Wednesday.
- This would be coming in after Market hours.
- So this expiry could be turbulant considering all such news in hands.
- 17650 to 17950 is my range for Nifty.
- Unless any of the level breaks on upside or on downside I would like to trade this range only.
- Nifty might Trade between 17700 to 17950 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
Comments