- 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 lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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