- U.S Markets closed higher Yesterday.
- Right now , Dow futures are higher.
- Asian markets are higher.
- SGX Nifty is up 100-120 Points.
- Yesterday markets in the first hour were highly volatile.
- Markets opened close to 17600 but as soon as Market opened there was heavy sell off
- Nifty tested 17400 and then bounced back swiftly from there.
- India VIX at one point was above 20 yesterday.
- India VIX above 18 indicates danger.
- It indicates there would be huge Volatility in store.
- Markets have been repeatedly finding supports near 17400-17300 zone.
- Resistance near 18000-18100 zones.
- Within this range markets have been trading with huge Volatility.
- I have taken a short strangle of 17000 PE & 18200 CE at 115rs combined premium Yesterday.
- This generates a 6% return till expiry if nifty expires between 17000 to 18200.
- With just 8 trading sessions left this is a very lucrative strategy and premium.
- Expecting Nifty not to cross any of the above level.
- Even if it does we know how to adjust and manage our positions
- Those who know adjustments are only advised to take this trade.
- Others should take this trade on their own responsibility.
- Nifty might Trade between 17600 to 17900 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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