- U.S Markets rallied on Tuesday.
- Yesterday they were majorly flat
- Right now , Dow Futures are higher.
- SGX Nifty is up 100-150 Points.
- Asian markets are higher.
- U.S VIX fell 5-6% over previous 2 trading sessions.
- VIX crashing indicates stability and reduction of Volatility over the coming days.
- This is quite beneficial for Option writers.
- Indian Markets broke out of 17200 zone which was a major hurdle.
- Now markets have turned Bullish.
- 17200 is the stoploss for long Positions now.
- Markets have now become very difficult to trade.
- Mondays low was 16900 and now we are at 17400.
- These market swings with huge gap openings are going on since past 1 year
- This is also a market phase and would end soon.
- Markets would come to terms sooner than later.
- Due to this Mayhem in the Global Markets & excessive news flow , Volatility increases.
- 17200 to 17500 is the immediate range for Nifty.
- Look for dips close to 17200-17250 to go long
- Do not chase gap ups
- You will hardly get 50-70 points after such huge gap but stoploss would be 200 points
- This doesn't turn risk - reward into our favour.
- Nifty might Trade between 17200 to 17500 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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