- U.S Markets closed mixed on Friday.
- Right now Dow futures are lower.
- Asian markets are mixed.
- SGX Nifty is down 20-30 points.
- We are likely to open flat today.
- This is a truncated expiry as Tomorrow is a holiday.
- Premium decay will be faster for options.
- On Friday I was a bit puzzled looking at market reaction.
- Before every RBI meet VIX goes higher and so do option premiums.
- On Friday all options were already down 30% before the meet.
- This gave an Indication that RBI meet is probably considered as a non - event from market stand point.
- 17200 to 17500 is the range for nifty currently.
- Within this range Nifty is making wild swings.
- This week we have the most important U.S Inflation data coming up on Thursday.
- Before this Data markets could be sideways.
- Expected Inflation is 8.7%.
- SBI posted it's results and they were below Street estimates.
- Bank Nifty might underperform today.
- Nifty if crossed above 17500 should provide a huge short covering.
- Nifty might Trade between 17200 to 17500 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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