- U.S Markets closed lower yesterday.
- It was a minor profit taking day yesterday Globally
- U.S Markets have been rallying from past many Trading sessions.
- So , profit booking cannot be ruled out.
- Right now Dow futures are higher.
- SGX Nifty is up 40-50 points
- Today is the final day of the Financial year plus all the contracts would expire today.
- Today we can expect some Volatility.
- From last few days , markets have been trading in a small range after gap up.
- Yesterday, Market tried to cross 17500 but failed and closed exactly near 17500.
- Expecting upper end of 17500 to be taken out in a couple of days.
- Today could be a ranging day with some Volatility.
- Inda VIX closed just above 20 yesterday.
- Expecting this to go down below 20 in the coming days.
- The good thing about yesterday's rally was the advance- decline ratio.
- Number of advanced were 1300 whereas declines were just 600.
- This broad based rally shows we have more room on the upside.
- 17500 short straddle has been added in huge Quantities in all expirys
- For today , April 7th and April end monthly expiry.
- Smart money isn't expecting big move soon and also as VIX keeps falling their confidence is increasing.
- Nifty might Trade between 17350 to 17600 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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