- U.S Markets were closed Yesterday
- Right now Dow futures are Lower.
- Asian markets are mostly lower.
- SGX Nifty is near 17000.
- Suggesting a big gap down start for the day.
- This is due to the ongoing uncertainty around Russia - Ukraine war.
- Markets can handle good news , markets can handle bad news , but Markets cannot handle uncertainty.
- In Uncertain times , the worst gets discounted in the Markets.
- Later when the uncertainty is out Market rallies once again.
- Another disturbing thing is the India VIX going up almost everyday from last 3 days.
- Without any corresponding bad news india VIX going higher is a worrying sign.
- Yesterday VIX closed at 23.
- Today we might close near 24 as we are already expecting huge gap down open.
- 17000-17050 is the first support area for the day.
- Once this gets taken out the support emerges at 16850 -16800 area.
- 17500 has the highest open interest among calls.
- One can try a long trade near 17000-17050 with a stoploss near 16950.
- This a very good risk reward trade.
- Nifty might Trade between 16980 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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