- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are flat.
- SGX nifty is indicating 80-100 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Yesterday it was a gap up , today it is a gap down.
- Though there was a huge gap up Yesterday , Market was sold off within minutes.
- The selling was so severe Nifty broke Tuesday of 16350 and tested 16300.
- From 16300 it rallied all the way back to 16500.
- Finally closing near 16350.
- So yesterday could be termed as highly volatile trading session.
- This Volatility is going to continue today.
- This is because we have U.S Inflation data coming out tomorrow in U.S.
- This Inflation data is going to decide the future course of the market.
- I believe inflation data could disappoint the Bulls.
- This could cause huge gap opening on Monday so option writers should be cautious carrying positions.
- Even carrying positions for a day in this market is huge risk.
- I expected June to be a stable month but market has other plans.
- So better get used to the Volatility from now.
- Yesterday's RBI policy was slightly higher than expected rate hike of 40 basis points.
- Remember that we are in a Bear market.
- Bear Market rallies are sharp and they don't last long.
- FII's are all in on their money to sell this market.
- Their short positions have increased from 55% to 73% now.
- Same was the situation in May.
- Nifty might Trade between 16180 to 16440 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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