- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- Dow futures are higher now.
- SGX Nifty is up 200+ points.
- Why do we have this large gap up today?
- I have no idea.
- There are no major positive cues across Globle.
- Everything is the same as before.
- Just that we are out of a major Fed event now.
- Today's gap up makes me a little bit uncomfortable.
- But Market doesn't care about all this.
- Wednesday Nifty made a low of 16450.
- Todays SGX Nifty high is 17200.
- So this is a swing of 700+ points in 2 trading sessions.
- This is quite a huge turnaround by the Markets.
- Bank Nifty is above 200 DMA
- Nifty today will be above 200 DMA.
- This is not a sell on rally / Bear Market anymore
- Yesterday U.S GDP data was announced.
- Data was in negative but even then Markets shot higher.
- When Market rallies on negative news then it is a super Bullish Market.
- Our clients have long positions / Put option sell positions so we have been saved.
- I have been anticipating this rally and was even communicating this via whatsapp status updates.
- I know many Call writers who have lost huge yesterday and will lose more today as well.
- So option selling is not that easy.
- Sometimes directional option selling is a necessity too.
- Nifty might Trade between 17000 to 17200 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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