Nifty and BNF tanked again on Friday, the main culprit being BNF. Most of the banks which have exposure to Adani group were hammered by the bears. Markets are in a oversold zone. Adani group and SBI have issued clarification regarding negative report. Surprising that a small firm started in 2016 can make so much damage to Indian markets. International markets are neutral. We may see a positive opening. If the selling continues we may see 17450 levels. Again BNF is going to be the spoiler. Pick fundamentally good stocks and add to your portfolio. Budget is fast approaching, so expect more volatality. Have a good trading week. Happy swing trading
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