- U.S Markets closed higher Yesterday.
- As soon as U.S Markets opened it fell 300 points.
- Then market rallied from -300 to +450.
- U.S VIX crashed 5% yesterday.
- SGX nifty is indicating almost 200 point gap up today.
- SGX nifty is close to 16800 today.
- Market is likely to open close to resistance levels today.
- 16400 to 16800 is the range in which we are trading this weekly expiry.
- So if 16800 is crossed 17000 and 17200 open up
- 16400 is a super strong support now.
- Yesterday Nifty opened close to lower range and today it's opening at higher range.
- So 400 point move in just 1 trading session.
- Yesterday expiry as expected was quite rangebound.
- Suddenly now everything seems to be okay.
- In May month it was world coming to an end when you look at stock market
- June has been a bullish beginning so far.
- Im not confident of chasing this gap up at open.
- Will wait for a retest of yesterday's low near 16650 or close to 16700 and will look to build longs.
- Today we also have U.S jobs data so again that effect will be seen on Monday.
- Better not to carry positions over the weekend.
- Nifty might Trade between 16650 to 16850 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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