- U.S Markets closed flat yesterday.
- 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.
- Premiums are too less and selling options isn't favorable now.
- Any fresh option sell positions should be avoided.
- I'm just trailing stoplosses for the positions I have taken before.
- Avoiding to enter into any fresh positions as of now.
- India VIX is below 15.
- India VIX below 15 indicates a Bull Market.
- Higher premiums can continue for a long time and lower VIX and lower premiums can also continue for a long time.
- Markets are in a consolidation phase right now.
- 18200 is a strong support and I don't expect this to be broken for weekly expiry.
- One can consider building long positions close to such support zones.
- All the trades come with stop-loss so one has to follow strictly.
- Before Inflation event I was bearish but I turned bullish after the event and had covered all of my losses and now in net positive.
- One has to react swiftly if you are into trading business.
- Nifty might trade between 18250-18450 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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