- U.S Markets closed lower yesterday.
- Asian markets are mostly mixed right now.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- Since last many days , Nifty is opening flat.
- If I'm not wrong , today will be the fourth straight day of flat opening.
- Yesterday we had the U.S Sales data.
- The data wasn't much favorable to the markets.
- So it led to a bit of profit booking Yesterday.
- Hdfc twins which were the joker of packs around 3 months ago.
- All the other stocks were flying apart from these two.
- These two giants have finally woke up now.
- All the large cap stocks are catching up now.
- Yesterday it was the bank Nifty which outperformed the market.
- Nifty was flat throughout the day but bank Nifty kept moving higher.
- 18200 is a strong support for Nifty for positional basis.
- 42000 is a strong support for bank Nifty.
- Resistance for Nifty would come close to 18500.
- If this gets taken out then second resistance near all time high.
- Currently I have 18000 PE sell 18700 CE sell for monthly expiry.
- These two combined I've sold 100rs few days ago.
- I'm just trailing these positions.
- For today's expiry I've sold 18250 PE Yesterday which is likely to go zero today.
- I'm taking more Bullish bets than bearish ones as of now.
- Nifty might trade between 18300 to 18500 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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