- 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 Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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