ADANI ENTERPRICES UPDATE

ADANI;ENTERPRICE; is going through a CYCLE correction, we discussed on a possible CYCLE TOP on all group STOCKS on 22nd,DECEMBER, since then STOCKS were falling gradually but the correction entered in its next stage in past week. Literally whole world is BEARISH now, 1 month back this was not the case. Even without any report, STOCKS would had fallen. Last month, we were looking for 3,010 For medium term on ADANI,ENT, but it has gone way below that. Need to relax here, next leg lower should resume below 2,500 on cash, for 2,100 and 1,650 in coming months.

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