- U.S Markets closed higher yesterday.
- Asian markets are mostly higher.
- Dow futures are higher right now.
- SGX Nifty is higher by 70-80 Points.
- Yesterday was a highly Volatile trading day.
- It wasn't just volatile it was an unexpected trading move
- Yesterday the Bank of Japan announced that it would be tweaking its policy.
- There wasn't any change announced and it was just announced of a change in the policy.
- As soon as this got announced markets began to crash.
- Japanese index Nikkei fell 1000 points in no time.
- Dow futures turned more than a percent negative.
- Our market also started to fall in the morning.
- I took the opportunity and sold put options 18k and below for monthly series.
- Nifty found support near 18200 and bank nifty took support near 43k.
- Both quite important support levels were held yesterday.
- I feel yesterday's low should be the bottom for December expiry.
- Both for nifty and bank nifty.
- Yesterday Both FII's & DII' s were net buyers.
- Any sort of larger dip , traders are ready to buy.
- Nifty might trade between 18350 to 18650 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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