Prediction Next three months:
Level: Alert
Action: Accumulate funds for long term investment
Nifty50 seems at cautious levels. It seems like market was expecting a boost from interim budget with various schemes , specially for infra boost. Budget has a sufficient amount of fund allocation with continuation to growth and GDP figures achievement plans.
But this isnt enough for nifty to cross 22000 levels. Execution from companies need to be fast tracked. New players need to involve in market. Retail, Private and Public partnership could lead to further growth. Next boost is expected with three main expectations:
1) JPM's inclusion of Indian bond market (JUNE 2024)
2) FED and RBI cut in interest rates
3) Main budget after election.
Formation of current government again after election is already absorbed by market. Now if current government is not re-elected or elected with less majority compared to previous election, than it may lead to failure in market prospectus and a bigger correction upto 18800 levels may be seen.
For time being, expect a level of 20050 soon. Period of 1 FEB to 1 May is crucial.
Level: Alert
Action: Accumulate funds for long term investment
Nifty50 seems at cautious levels. It seems like market was expecting a boost from interim budget with various schemes , specially for infra boost. Budget has a sufficient amount of fund allocation with continuation to growth and GDP figures achievement plans.
But this isnt enough for nifty to cross 22000 levels. Execution from companies need to be fast tracked. New players need to involve in market. Retail, Private and Public partnership could lead to further growth. Next boost is expected with three main expectations:
1) JPM's inclusion of Indian bond market (JUNE 2024)
2) FED and RBI cut in interest rates
3) Main budget after election.
Formation of current government again after election is already absorbed by market. Now if current government is not re-elected or elected with less majority compared to previous election, than it may lead to failure in market prospectus and a bigger correction upto 18800 levels may be seen.
For time being, expect a level of 20050 soon. Period of 1 FEB to 1 May is crucial.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.