- U.S Markets closed mixed Yesterday.
- Nasdaq closed in green but Dow Jones closed slightly negative.
- Asian markets are mostly higher.
- SGX Nifty is up 70-80 points.
- Yesterday was a highly volatile trading session.
- Nifty futures af one point of time crossed 17500 & from there it fell drastically.
- Nifty even broke 17200 at one point and then there was huge recovery in second half.
- India VIX was up 12% at one point of time.
- As soon as Nifty fell below 17200 I checked Global markets.
- All the Global markets were trading normally without any negative bias
- It was just our market which was Volatile yesterday.
- Reason is weekly options expiry.
- Yesterday was the weekly expiry and when there's huge put writing or call writing on one side and that level gets broken.
- It leads to big moves.
- Today we have the RBI meeting.
- RBI is expected to raise rates by 40 basis points.
- Most importantly , the commentary will be watched keenly by the market participants.
- Anything below 40 basis points will be considered as a big positive for the markets.
- Nifty might Trade between 17300 to 17600 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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