The markets continued with their moves higher and have moved into the resistance zone of 8450-8650. Even though the markets are moving higher, the Advance Decline ratio on many days is not very favorable. Let us see what moves the markets could make.
1. The markets are awaiting a RBI rate cut on December 2nd. If no rate cut then a correction could set in. If a rate cut happens then the markets would surge even further.
2. The Winter session of the Parliament begins on Monday and all eyes would be on what kind of bills the Government is able to pass through.
3. The FIIs were net sellers on Friday.The first time they have sold in the month of November.
4. The 10 year Gilt yields have come down to 8.17 %. In the next few months they are expected to come down to 7.75 %. A short term gain can be made by investing in Gilt funds.
5. With the rate cut announced by China and stimulus by ECB, global liquidity will remain good.
6. 8450-8650 are strong resistance zones for the markets. Looking at the rise from 7724, a target comes to around 8640.
Now, is the time to book profits for stocks bought earlier, lower the cost price and be ready to buy them back again at lower levels.
1. The markets are awaiting a RBI rate cut on December 2nd. If no rate cut then a correction could set in. If a rate cut happens then the markets would surge even further.
2. The Winter session of the Parliament begins on Monday and all eyes would be on what kind of bills the Government is able to pass through.
3. The FIIs were net sellers on Friday.The first time they have sold in the month of November.
4. The 10 year Gilt yields have come down to 8.17 %. In the next few months they are expected to come down to 7.75 %. A short term gain can be made by investing in Gilt funds.
5. With the rate cut announced by China and stimulus by ECB, global liquidity will remain good.
6. 8450-8650 are strong resistance zones for the markets. Looking at the rise from 7724, a target comes to around 8640.
Now, is the time to book profits for stocks bought earlier, lower the cost price and be ready to buy them back again at lower levels.
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