- U.S Markets closed higher Yesterday.
- Right now , Dow Futures are higher
- SGX Nifty is up 200-250 points
- This is a serious gap up opening today.
- Yesterday markets closed at lowest point of the day.
- Lowest point of the day as per Technical Analysis indicates bearishness.
- Many People have sold huge call Options Yesterday.
- These people will face huge trouble today.
- Tomorrow is a trading holiday so we have only 2 working days for this expiry.
- Yesterday, in the first half I had sold call Options and squared up towards the end.
- During the end of the day I felt that Premiums are unreasonable.
- India VIX was up 7% Yesterday without any reason.
- 17500 PE which is 400 points away was trading at 25rs.
- There wasn't any news flow and with 2 days left for expiry it was a mouth watering premium.
- So today at gap up itself the account handling clients including me will make good return.
- One of the days where gut feeling works straight away.
- If there wouldve been a gap down we would come out with minimum damage doing adjustments.
- Will share the Snapshot of trades on whatsapp status.
- After this huge gap up buying is not advisable.
- 17200 is the upper band for Nifty.
- It may find resistance near these zones.
- I would go long only if 17200 breaks decisively.
- Will exit all positions on opening itself and wait for fresh opportunity during the day.
- Most likely would do nothing after exiting positions as tomorrow is holiday.
- So carrying positions might be highly risky in such environment.
- Nifty might Trade between 16950 to 17250 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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