- U.S Markets closed higher Yesterday.
- Right now Dow futures are higher by 140 points.
- Asian markets are higher.
- SGX nifty is indicating a gap up opening.
- Yesterday as anticipated Fed increased the interest rates by 75 basis points.
- This is the largest increase since 1994.
- There was a relief rally due to the same in U.S market and U.S VIX crashed 10%.
- How long will this relief rally go on is a big question.
- Our Markets were terrible yesterday.
- Everybody is shorting left , right and center.
- Yesterday all Put options premiums raised in last 30 mins.
- Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs.
- Today we might get some short covering as we open and even head higher.
- 16000 should be a firm resistance for the day.
- I won't chase this gap up because when Market reverses it's with great speed.
- I'll look to short near 15950-15980 with a stoploss of 16020.
- In Bear markets the rallies sre quite ferocious but again markets make fresh lows.
- So remember you are only playing a pullback rally when you go long and not a trend reversal one.
- Nifty might Trade between 15650 to 16000 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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