NIFTY for Next Month
I fail to understand the concept of crowd when it comes to Indian as a market. The question is, have we evolved as an Developed mkt, the ans is a Big NO...
The entire Asia was in red, and we as country bounced back strongly giving a weekly flat close. The entire globe is closely watching the Crimea crisis and we are under performing them, sounds strange but YES we are moving in a different direction as compared to others. No wonder it seems to trap the Indian Investors again.
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Because the performance of the last week was very strong, Investors in India was to book profits and stays low, which they did, but the real question remains, are we as markets going to perform next week starting Tuesday. According to the technical Indicators & sharply lower inflation print may bring out some cheer, but my gut feelings and the fiasco which might take place on the global level can float the Nifty for a while presuming, till elections, but if we didn’t correct now then we are heading back to the 5500-5700 levels soon.
Regards
Ira Creations
I fail to understand the concept of crowd when it comes to Indian as a market. The question is, have we evolved as an Developed mkt, the ans is a Big NO...
The entire Asia was in red, and we as country bounced back strongly giving a weekly flat close. The entire globe is closely watching the Crimea crisis and we are under performing them, sounds strange but YES we are moving in a different direction as compared to others. No wonder it seems to trap the Indian Investors again.
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(Authour of this mail is MBA in Finance from Mumbai University and has experience of 7 years in Stock Market analysis with companies like ICICI and Standard Chartered)
Regards Ira Creations
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