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Pre - Market Analysis (14th June 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now U.S Futures are higher.
  3. Asian Markets are also higher.
  4. SGX Nifty is down 40-50 Points.
  5. Reason is due to Suchita Dalal's tweet over the Weekend.
  6. Tweet stated there's some Manipulation going on in a Particular group stock prices.
  7. After the tweet , wise people could easily predict which is the group.
  8. Adani Group Stocks have moved 10X in last 2-3 Years.
  9. When a Stock moves due to Fundamentals etc that's acceptable.
  10. Here Adani Power has debt of 40k crore but Market Cap is at 50k crore.
  11. When Stocks without fundamentals start to fly that's when you should get uneasyness and the party is not likely to continue longer.
  12. I've hinted the same before a Month not to invest in Adani group Stocks.
  13. I don't expect this news however to damage overall market.
  14. This might be restricted only to Adani group Stocks.
  15. This should cause some temporary negative impact but in India you can get away with almost anything when there's money and power.
  16. Same will be the situation here and it will be history in some time.
  17. Bank Nifty is trading in a range.
  18. One day goes higher second day comes down.
  19. Overall it has gone anywhere in last 2 weeks.
  20. Nifty might Trade between 15680 to 15840 today.
  21. stockmarketadvisory.in

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