- U.S Markets closed flat 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 fifth straight day of flat opening.
- Yesterday was a decent expiry until 2 pm.
- After that a sudden down move spiked up premiums.
- Expiry moves are common this way.
- Volatility is utmost after 2 pm.
- So I book out of my positions early and don't wait for 2nd half.
- Markets are likely to consolidate in the short term.
- We do not have any fresh news or triggers to break out of a range etc.
- Markets are likely to consolidate before giving further upmove.
- Individual stock specific moves are continuing meanwhile.
- Banking sector momentum is likely to continue.
- Generally the final week of expiry is of the highest Volatility.
- As all the monthly positions of options and futures get squared off.
- Stock options also get squared off and this leads to added Volatility.
- 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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