- U.S Markets crashed yesterday.
- Right now Dow futures are slightly higher.
- SGX nifty is higher & trading at 15700.
- Asian markets are mixed.
- Yesterday as well there was a huge gap up.
- Today as well we are about to open lower.
- Yesterday as soon as Markets opened there was a recovery towards the later part of the day.
- Our market is reacting totally to the Macro news and events.
- Today we are set to have U.S GDP data in the evening.
- This will drive the further positioning of the traders.
- Yesterday during the Market hours Dow futures recovered
- European markets inched higher and then short covering began in our markets.
- Today's gap down would once again test the option sellers.
- Huge Open interest was added yesterday in put options.
- 15600 and 15700 PE were written aggressively.
- In this Kinda scenario it's better to keep as lighter positions as possible.
- As this gap up gap down is trapping the traders.
- Plus we have an event tonight.
- This Volatility in our markets is due to Volatility is U.S market.
- Dow was up 400 points at one point of time and then closed 400 points lower.
- Nifty might Trade between 15600 to 15900 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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