Adani Group stocks have taken centre stage in market discussions after the US Securities and Exchange Commission (SEC) filed charges against Gautam Adani. Thursday saw a staggering ₹2.25 lakh crore wiped out from the market cap of all 11 Adani stocks, with shares plunging up to 23%. Naturally, investors are keen to know: Will these stocks recover or decline further today?
Friday brought some relief to the broader market, with the Sensex gaining 0.62% and the Nifty rising 0.65%. However, Adani stocks remained volatile. For instance, Adani Green Energy Ltd (the company at the heart of the case) traded 7.90% lower at ₹1,055.80, while Adani Enterprises Ltd showed signs of recovery, dropping just 2.57% after Thursday’s steep 22.61% fall.
Curious to explore these stock movements in detail? The Market Depth feature on Upstox Pro offers real-time insights into bid-ask activity, helping you gauge market liquidity and sentiment with precision.
Here’s how you can leverage the Market Depth feature:
1. Understand the Bid-Ask Spread
Market Depth displays the top buyers (bids) and sellers (asks) for any stock, helping you gauge market sentiment. For instance, in Adani Enterprises Ltd, the feature reveals a 64% buy quantity versus a 36% sell quantity, suggesting rising buying interest after Thursday’s sharp decline.
2. Analyse Order Volume
It provides a detailed breakdown of shares being bought or sold at various price levels. For example, the snapshot of Adani Green Energy below shows real-time volume insights, helping you understand investor behaviour.
3. Monitor Market Sentiment in Real-Time
Spot trends early by observing stocks like Adani Power, which is trading in the red, indicating higher selling demand. The feature lets you react quickly to shifting market dynamics.
4. Spot Liquidity Opportunities
Market Depth highlights stock liquidity by showing available shares at each price level. This allows traders to plan optimal entry and exit strategies, particularly during volatile sessions.
5. Utilise Depth 30
The Depth 30 feature provides a detailed view of the top 30 bid and ask prices, giving traders a more nuanced understanding of market activity. By offering a deeper look at price levels, it helps reduce the risk of being caught off guard by sudden market shifts, allowing for better-informed decisions.
How to Access Market Depth in Upstox Pro:
- Open Upstox Pro.
- Navigate to your Watchlist and select the stock you want to analyze (e.g., Adani Enterprises).
- Tap on the Summary tab.
- View the live Market Depth section for bid-ask data and volumes at different price points.
Why Use Market Depth?
During volatile phases like the current Adani stock scenario, the Market Depth feature on Upstox Pro provides traders with real-time transparency and actionable insights. Whether you’re tracking Adani shares or analysing other stocks, this tool simplifies decision-making by shedding light on market activity.
Have you tried the Market Depth feature yet? Share your thoughts in the comments!
Looking for more details? Check out our FAQ post on Market Depth.