- U.S Markets closed higher Yesterday.
- Dow futures are higher right now
- Asian Markets are higher.
- SGX Nifty is up 40-50 points.
- U.S VIX is now below 30.
- India VIX closed below 18 significantly yesterday.
- As expected, Global Markets have made a short term bottom after the Inflation numbers.
- Indian local cues have also been Positive.
- Majority of the Corporate results have been above expectations.
- Previously, there was a tug of war between bad Global cues and good local cues.
- During such situations, markets traded violently within a range.
- Now the Global cues have come in favour.
- Markets are now trading at swing highs.
- Further upside cannot be ruled out from here.
- If you are trying to go long near these levels then your stoploss should be tight.
- 17400 is the immediate stoploss for Intraday traders.
- Yesterday during Market hours there was something interesting developing.
- 17600 PE was being written aggressively which is an ATM Option.
- This shows the Confidence of the option writers.
- I have sold Monthly Puts below 17200 and monthly calls above 17900.
- Will do Adjustments accordingly based on market moves.
- My bias is Bullish right now.
- Nifty might Trade between 17400 to 17700 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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