- U.S Markets closed lower yesterday.
- Right now Markets are flat.
- Yesterday India VIX shot up 8% without any negative news.
- Premiums on both the sides are quite higher.
- Calls and Puts both are commanding higher premium.
- This is because of India VIX rise.
- India VIX rising without any big negative is a matter of concern.
- FII's who bought aggressively before weekend on Thursday have sold aggressively yesterday.
- Yet again they might start their selling spree once again.
- This is what is going on since last 6 months.
- FII's keep selling , DII's keep buying.
- Market becoming highly volatile.
- 17500 , 17600 CE in weekly options has the highest open interest.
- IT index has supported Nifty all the way from lower levels.
- Now I feel they should stabilize and it's upto the financial stocks to give leadership.
- SGX Nifty is at 17200 now.
- 17300 is a strong resistance for Nifty.
- Once we close above 17300 will we see fresh buying.
- Crude oil again goes above 110$ & this is a negative news in short term
- Until then we can expect rangebound move with slight negative bias .
- Nifty might Trade between 17050 to 17350 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