- U.S Markets closed mixed Yesterday.
- Asian Markets are mixed.
- SGX Nifty is up 50-60 Points
- Yesterday it was again a flat expiry.
- IT stocks have been falling.
- Banking stocks have been gaining.
- This seems like an obvious trade now.
- Larger range for Nifty is 17500 to 18000 now.
- Immediate short term range is 17600 to 17800.
- Bank Nifty range is 41000 to 42000
- Expecting Consolidation to continue for a while.
- Yesterday the ECB has hiked interest rates by 75 basis points.
- RBI also has informed that they would be revising the monetory policy.
- They have announced to conduct a meeting on 3rd November.
- Such sudden meeting gives an indication that RBI may again raise rates.
- Looking at Inflation and the way other Banks have been raising rates.
- This seems a larger Possibility now.
- India VIX is now close to 16.
- Option Premiums are too low.
- Expecting VIX to raise before RBI event.
- That would be a good time for option sellers.
- As of now premiums are too low so aggressive bets are not advisable.
- 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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