- U.S Markets closed higher on Friday and Monday.
- We had a holiday Yesterday but U.S Markets were open.
- SGX Nifty right now is above 17800.
- 17800 is a very important resistance zone for the markets.
- Closing above this would mean 18000 is on the way.
- Anyways my advice would be not to chase this gap up.
- Markets would provide you opportunity to enter on dips
- Asian markets are higher.
- 17500 PE has the highest open interest in monthly options
- 18000 CE has the highest open interest among call options.
- We have 8 trading sessions left and this seems to be the range for now.
- 17500 to 18000 is the range for now and expect markets to consolidate In this range for a while.
- However the way markets are moving I won't be surprised if market tries to break 18000.
- There was an unexpected news related to Rakesh Jhunjhunwala 's demice.
- The stocks in which he had a large amount of holdings could be under pressure today.
- Just because of confidence shake out amoung people.
- Bank Nifty on the other hand looks super Bullish and there's no stopping it
- ICICI Bank has already hit fresh all time high.
- India VIX is below 18 now
- Options premiums are too low as there is limited time left for expiry.
- Nifty might Trade between 17680 to 17880 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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