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Will Nifty Come out of Adani Fear grip?

Nifty Spot View: 09/02/2023
Cmp: 17871.70
Support & Downside Range: 17795—17700--17652
Resistance & Upside Range: 17900—17930—17975--18030
Short Term Trend Reversal Level: -- 18265
Trading View: In today's weekly expiry session key level to watch is 17795 spot till the time we trades above this levels bias remains bullish and we may head upside towards 17900—17930 minimum to max 17975—18030 whereas slip below 17995 bias goes sideways to dull and we may see today's expiry between 17700—17795 spot and we may see some stock specific action only.

Nifty live update if today's low which is 17779 spot does not get break then we will close at or above 17930 spot in worst case and in good case between 17975—18030 spot levels let see cmp 17857

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An initial probe by government agencies has revealed that the bear cartel targeted Adani companies through the use of structured product derivatives (SPDs) - potent stock market instruments, tailor-made by foreign brokers for large clients in offshore jurisdictions. These SPDs are similar to the controversial participatory notes in many ways since the identity of the actual clients stays hidden, unless the regulators lift the veil.

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