- U.S Markets closed lower Yesterday.
- Most importantly , S&P 500 VIX closed 25% higher.
- This is a disturbing sign of option writers.
- When VIX goes higher put options go higher but CE do not fall proportionally.
- It looks like a short term Correction has begun in U.S Market.
- Asian markets and Dow futures are slightly higher now.
- SGX Nifty is down 50 points near 17900.
- Today we have weekly expiry.
- Next expiry we have only 4 trading sessions.
- Market has reversed from 18350 and now has become a sell on rise Market.
- Selling is so severe in first half as soon as we open.
- Both FII's & DII's are net sellers since last 2 days.
- Looks like retail has to be bear the pain.
- Bajaj Finance after declaring fantastic results scaled all time high yesterday.
- As soon as ATH were hit selling began.
- It fell almost 10% from highs yesterday.
- Hoping some stability today due to expiry etc.
- Yesterday's low of 17880 should be crutial support today.
- 18000 should act as an immediate resistance.
- Nifty might Trade between 17850 to 18050 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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