- U.S Markets closed flat on Friday.
- Asian markets are mostly mixed.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- This is good for positional option sellers.
- I do sometimes carry positions overnight.
- As an sellers to make above than normal returns one has to Carry positions.
- Last 1 year was very difficult for positional option seller.
- As there was no trend in the market.
- Market was reversing and breakouts failing.
- Sanity has prevailed in last 2 months and markets have become normal to trade.
- After the Inflation numbers there was a huge short covering rally in the world markets.
- Now we can expect a bit of consolidation after such a huge rally.
- Then we would be looking at the next leg of unmove.
- Markets cannot rally in a straight line.
- Even if it rallies one way it isn't good and healthy.
- Markets go higher only when more shorts are there in system and they are trapped.
- Yesterday Moodys came with a negative note regarding economy.
- Last 5 years whenever moodys have become bearish markets have rallied.
- As RJ said , "If I had listened to economists I would have never made money"
- Holds true forever in the history of stock market.
- Big bull run is ahead of us.
- Nifty might trade between 18250 to 18450 today.
- Generally Mondays are trending days.
- 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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