- U.S Markets closed higher Yesterday.
- Asian markets are slightly higher too.
- SGX Nifty is up 80-100 points
- Yesterday was kind of a rangebound session.
- Institutional activity was quite less
- FII's after continuous selling finally bought yesterday.
- Even though the amount isn't that significant of 500 crores thereabouts.
- 17600 short straddle has the highest open interest for today expiry.
- Calls and Puts have been sold at every level.
- This Indicates traders are not expecting a big move on the expiry day
- Due to any reason once market makes a big move then these writers will be in trouble.
- U.S Markets for very short run seems to have bottomed out.
- There was a ferocious selling in 3 days Nasdaq fell 6%.
- Dow Jones and S&P 500 also fell.
- From last two trading sessions situation has been stabilized.
- I feel today might be a consolidation expiry.
- August month has been very good for Bulls.
- Though Nifty was unable to cross 18k.
- This Month has given positive returns on index basis
- Nifty might Trade between 17500 to 17800 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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