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