- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are mixed.
- SGX Nifty is higher by 80-90 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- Most important thing to note here is U.S VIX closed below 20 yesterday.
- Just 2 weeks back it was above 30.
- VIX crashing indicates stability in the Market.
- It's also an added advantage for option writers as premiums keep falling.
- In high VIX environment it becomes very difficult to manage Positions.
- Yesterday we had another test of 17000 but again there has been a fantastic recovery.
- As and when Nifty has been close to 17k Market has recovered quickly.
- India VIX closed at 22 yesterday.
- Expecting this to go lower as well in coming days.
- This is now a buy on dip Market.
- Market expecting some good news from Russia Ukraine front.
- As markets all over the World are going higher and VIX keeps crashing.
- Chances of an upside breakout above 17500 is much more higher than breaking 17k on the downside.
- Nifty might Trade between 17100 to 17400 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