- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 100-120 Points.
- Market texture has turned to Highly bearish now.
- Any gap up or short covering rally has been sold into aggressively.
- India VIX a week ago was at 13 & yesterday it went above 16.
- This indicates that the Volatility has also been rising.
- As the Volatility rises , so does the option premiums.
- Last expiry week is generally highly Volatile & the Gamma effect is also at its peak.
- This is due to many factors such as roll overs , expiration of all the contracts etc.
- Yesterday after market hours when I checked the data came another shock.
- FII's & DII's both were net buyers yesterday.
- They have bought yesterday for combined 2000 crore plus.
- In spite of positive buy data markets closed lower yesterday.
- 18000 PE has the highest open interest in monthly options.
- Today , 18000 is likely to be tested.
- If we break 18000 then we would be heading towards 17800.
- 18000 is the final hope for longs if anybody is still long on the markets.
- Below 18k , markets would continue to slide further.
- It's advisable not to carry positions over the weekend.
- Nifty might trade between 17900 to 18200 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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