- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- Asian Markets are higher.
- SGX Nifty is up 100 points.
- Yesterday Nifty witnessed resistance near 17800 for whole of the expiry.
- Today it's indicating a gap up above 17800.
- 17800 to 18000 should be the range now .
- 18000 CE has the highest open interest amoung weekly options.
- This would be the next resistance level now.
- Markets right now seems to be ignoring all the negatives.
- But this is a high volatile market.
- So stoploss is a must when trading in such markets.
- 17800 should be a good support for Intraday now.
- I would like to buy the dip close to 17800 and sell the rally close to 18000 with 30 point stoploss.
- If any of these levels gets taken out decisively will follow the trend.
- Until then it's a ranging market.
- With sideways moves.
- Fridays are volatile so trade based on strict stoploss
- Nifty might Trade between 17800 to 18000 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
Comments