- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- SGX nifty is higher
- Yesterday it was a highly Volatile expiry.
- Generally on volatile days we get a 2 way swing
- But what was surprising is it was a 3 way swing yesterday.
- Nifty from 15400 went towards 15630 then fell back to 15400 only to hit 15600 again.
- These types of volatility happen generally on monthly expiry.
- This is because of huge volumes plus futures expiry also lead to such Volatility.
- Now a days weekly expirys have been witnessing such Volatility.
- This Volatility many say is good for option buyers & bad for option sellers etc.
- I don't agree to this.
- Volatility is not good for anybody.
- Yesterday buyers who expected more upmove / downmove also got trapped
- In such times it makes sense to wait till Volatility subsides
- Until then it's better to trade only small positions and most of it Intraday.
- Auto Stocks are looking to have bottomed out.
- They have been moving higher.
- Other sectors are still witnessing the pain.
- Yesterday I mentioned an important level of 15400 and Market bounced twice from these levels.
- Range of 15400 to 15700 is likely to continue with huge Volatility.
- 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