This Adani group stock also have fallen hard but seeing past few months behavior of this stock it will reverse also sharply on first signs of market stabilizing. Can b around 473-475 with Sl at 443 for 30-35 Rs gains.
Bank Nifty is better placed than Nifty, however next week will have to see if it takes support at this levels or not.
Nifty unexpectedly have broken rising channel pattern. Nifty can test 17445 in next week being Monthly expiry and Longs were expecting Santa Rally and are caught on wrong foot. Avoid longs in Nifty at current levels.
Next week Adani Power will give good entry point at 240-243 range. Can buy a this range with 20 rs sl for 30 rs gains