After reading the occrp report I was compelled to look into the charts of the Adani group stocks. Personally I dont own any of these shares nor taken any futures/options trade for/against.
The growth rate they have had is humongous ~ 34077%, pretty sure it would have been a wealth creator for many of its early stage investors. Is it really a reflection of India’s growth story?
And are these valuations really sustainable?
Nifty50 Analysis It is almost safe to say that Nifty has crawled out of bear grip, on friday we did discuss the last 45mts that changed the game. Except for the first 5mts candle, rest of the play today was from the same script of Friday. The biggest mistake was to assume the first candle…
Nifty Stance Bearish ️⬇️ Remember my last week’s position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get…
Apologies for not able to prepare this report earlier in the day as i had some personal commitment. The day was nothing short of exciting though, well not as much drama as yesterday. Even though bank nifty traded in a tighter range today — the options premium were bloated. Knowing very well its an expiry day too — option…
Nifty stance Bearish 🐻 My trading signal gave a reversal today at 10:19 AM; see the red arrow, which indicates we are now bearish. The last long signal yielded a decent 614 points, ~ 2.47%. Trading this week was really hectic; on every particular day, we opened gap up only to lose away the gains…
For a developed economy like the US, Europe, or Japan — the GDP numbers & the tax collections would indicate how much they have advanced every quarter, every year. But for a country like India — GDP, GST & Inflation data are just statistics. It cannot explain with certainty if we are progressing or regressing. Let us try to…
When the PM makes a statement, the entire media house is gung-ho on that and carries that headline without really dissecting the facts. We are going to base today’s discussion on the report by the famous PWC that said “Twenty-five years from now, India could exceed a per capita income of USD 26,000 — almost 13 times…
