- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- SGX nifty is higher & trading at 15700.
- Asian markets are lower.
- Yesterday it was a very topsy turvy expiry.
- Nifty opened lower and just after opening it kept on moving higher.
- Huge short covering took place as soon as markets opened.
- Call option premiums started to shoot up.
- All CE's became 3-4x just in first hour.
- Near 15880 Nifty started to resist and some profit booking was witnessed.
- Nifty fell all the way back close to 15700 and it was all over the places.
- Yesterday to my surprise , all the Markets were in deep red.
- Dow futures were down 400 points during our trading hours.
- Even then our Markets have shown great resilience.
- Yesterday U.S markets as well were highly volatile.
- SGX Nifty made a low close to 15600 and recovered.
- All this Volatility in other markets is coming from mother market U.S
- 15700 to 15900 is the range for Nifty.
- This is a very narrow range and won't sustain for long.
- Long for a significant crossing of this range for the markets to pick up momentum.
- Within this range there is only one trade which is to buy at lower end and short at higher end.
- Today it's the first day of the July series. Yesterday Nifty June futures were trading at 20 points discount to spot.
- Even July futures were also at discount.
- This shows extreme shorting and bearishness in the Market.
- 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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