- U.S Markets closed higher yesterday.
- Right now Dow futures are lower.
- Asian markets are mostly higher.
- SGX Nifty is near 16500.
- Suggesting a big gap up for the day.
- Well yesterday was a Bloodbath in all World markets.
- Russia started to attack Ukraine yesterday and there was a possibility of a war.
- Market feared this and we had a big gap down.
- All the expiry put writers got brutally trapped plus all the monthly F&O longs got trapped as well.
- They had to cut their positions at levels being offered and this let the Market breakdown further.
- Yesterday Nasdaq was down.3.5% when our Market was trading.
- From there we had a dramatic recovery of 7% and it closed 3% higher.
- This is because Biden has announced Sanctions against Russia.
- He has left Oil and Natural Gas in the sanctions.
- This led to a steep decline in commodity prices and triggered a large short covering.
- Yesterday india VIX crossed 30.
- It closed above 30 decisively.
- VIX crossing 30 indicates huge Volatility and it becomes very difficult to trade for short term.
- I feel if yesterday wouldn't have been expiry we wouldn't have fallen this much.
- Due to expiry related issues move accentuates on either side.
- Nifty might Trade between 16400 to 16800 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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