- U.S Markets closed Flat Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17940 right now.
- Yesterday markets broke out of 17900 and now are closer to 18000.
- 18000 is important as 18000 CE has the highest open interest.
- Highest amount of calls have been written for 18000 CE strike price.
- Plus round figures always act as psychological resistance too.
- Today is the weekly expiry and as of now the range is 17800 to 18000.
- 17800 is a strong support level and 18000 might act as resistance.
- Markets will gain steam once 18000 is taken out.
- Today could be a side-ways expiry.
- But nothing can be said as markets can always surprise you.
- IT Index has crossed 30k.
- Sensex yesterday hit a landmark of 60k.
- Sensex and Nifty both are now just 3% away from all time highs.
- So this isnt just a Bull Market , it's a raging Bull Market.
- India VIX closed below 18 yesterday.
- Bank Nifty is close to important levels of 40k.
- Once these important levels are taken out then we move towards all time high of 18600.
- Nifty might Trade between 17800 to 18020 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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