- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is higher by 80-100 points.
- Nifty is likely to have a gap up opening today.
- Yesterday india VIX closed below 14.
- Premiums are too low now for options.
- Option sellers have enjoyed since last 2 months.
- This low premium environment can be dangerous one.
- As as and when premiums increase it will wipe out most of them.
- 18000 to 18400 is the range for nifty.
- Expect the expiry to be within this given range.
- Premiums have been eroded significantly so its not the time to sell naked options now.
- Taking spreads in low risk environment is favorable.
- Selling naked options is favorable in a high VIX environment.
- There have been speculations as to increase in long term capital gains tax.
- 10% is the current LTCG tax rate.
- This could be increased to 15% in the budget.
- Markets are likely to react on this news in the coming time.
- Fears of recession in the Global economy are also emerging.
- Data points do not show as yet of a possible recession.
- Nifty might trade between 18200-18400 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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