- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX nifty is indicating 80-100 points gap up.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Last 2 days it was a gap down , today it is a gap up.
- Today the focus is on RBI.
- RBI policy is due at 10 AM today.
- RBI Governer has already prepared market this time for a rate hike.
- Previously , this wasn't the case.
- RBI gave a shocker to the Market by suddenly doing a hike.
- This shocker caused the Market to crash.
- Expecting a no shocker policy from RBI today.
- As they know it's repurcussions could be dangerous.
- There would be Intraday volatility going into the policy but I have a gut feeling option sellers would make good money today.
- Specially put writers.
- U.S VIX crashed 5% yesterday.
- Expecting India VIX to go down after the policy as well if policy is as per expectation.
- Stoploss for long trades and put writing should be 16350 ie , yesterday's low.
- Do not chase the gap up , expecting some selling during the day and that's a good place to go long.
- As long as rate hike is below or equal to 50 basis points , Bulls should be happy.
- Nifty might Trade between 16340 to 16600 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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