1. U.S Markets closed higher Yesterday.
2. Right now , dow futures are flat.
3. Asian markets are mixed.
4. SGX Nifty is up 50-70 Points.
5. Thursday's Monthly expiry was a surprise for everyone.
6. Whole of January markets have traded flat within a definite range.
7. On the day of Monthly expiry markets were unexpected.
8. This was majorly due to Adani group stocks.
9. There was a research report by Hindenberg research related to Adani stocks.
10. They have mentioned in detail their findings and pointed out unreasonable valuations.
11. Having gone through their website I got to know that previously they have given their study on 3 companies.
12. These 3 were of 3 different countries and later on all of them were proved right.
13. All these 3 were of corporate scams itself.
14. This company seems to be an expert in identifying corporate scams.
15. Also they are walking the talk by being short on Adani group stocks
16. I would also like to mention that it is only a mere allegation as of now
17. It hasn't been proved yet.
18. An allegation remains an allegation until proved in a court of law.
19. Adani group stocks have been the darling of this bull market.
20. Many Banks have also lent huge amounts to this group.
21. Any dent to them would cause a havoc in the markets.
22. Also today is the FPO for Adani group.
23. Just a day before FPO they decided to break this news out which seems a planned strategy.
24. Market participants react to fear and where there's fear it gets priced in.
25. Nifty still hasn't broken 17800-17750 range.
26. It still continues to be a ranging until we break 17800 or cross 18200.
27. FII's had sold for 2400 crores on Friday.
28. U.S GDP data was better than expected so it was a relief rally there.
29. Nifty might trade between 17800 to 18100 today.