- U.S Markets closed lower Yesterday.
- Dow futures are lower right now
- Asian Markets are lower.
- SGX Nifty is down 100-120 points.
- We are likely to open straight near support zones of 17400-17450.
- After a good sharp rally for many days , Yesterday was a sort of profit booking day.
- A positive thing from last 1 Month is markets have been trading within range.
- Yes , the Volatility is high but its within a specified range.
- Going forward , I expect the Volatility to decrease.
- Today's dip is a good buying opportunity.
- 17400 should be the stoploss for long traders.
- This turns the risk - reward in favour of Bulls.
- Next week is a truncated one
- There are 3 complete trading sessions for next week expiry.
- Im expecting an inside candle today.
- Inside candle means Nifty might Trade within yesterday range itself.
- Maybe 17400 to 17600 to be today's range.
- If markets trade rangebound today , the premiums of options would erode further.
- Nifty might Trade between 17400 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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