- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are slightly lower.
- SGX Nifty is higher by 120-150 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Today we may have a test of 17450-17500.
- I don't think we may surpass this level today itself.
- As 17200 short straddle has the highest open interest and it's at 300rs.
- These people will make profit between 16900-17500.
- There were reports claiming Putin and Zelensky have agreed to negotiate and talk.
- Also there were reports to end the ongoing War.
- U.S VIX crashed yet another 3% yesterday.
- This is below 19 now.
- India VIX closed near 21 yesterday.
- Expecting this to come even lower in coming days.
- Markets have been highly volatile since feb end.
- In March itself Nifty has made a swing of 3500+ points.
- From 17200 to 15700 and now 17500.
- This is some crazy swing and it causes positional trading very difficult.
- Markets consolidating is a good sign as there would be more steam on the upside.
- Nifty might Trade between 17200 to 17500 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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