- U.S Markets closed mixed on Friday.
- Right now Dow futures are lower.
- SGX Nifty is down 80-100 points.
- Asian markets are also lower.
- Nifty is likely to have a gap down opening today.
- Reason for a gap down is China Covid cases.
- China has again started to report high number of covid cases.
- Yesterday the Covid cases were at 40k in China.
- This is inducing a fresh fear in the markets.
- Covid problem is not a new issue.
- This has been going on since long.
- There shouldn't be any shock treatment to the markets due to the same.
- Also I've been noticing since many days markets have not been opening as per SGX.
- So we cannot have an exact idea related to market opening now a days.
- China cannot be trusted as well.
- They might be manipulating numbers to induce fear.
- If we have a large gap down then it's a great buying opportunity.
- Trend is positive so opportunities like these should be cashed into.
- 18300 PE has the highest open interest in monthly options.
- 19000 CE has the highest open interest among call options.
- Any dip close to 18400-18350 should be a good buying opportunity.
- Nifty might trade between 18350-18600 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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