The month of March has come and gone. The Markets were down by about 1.5 pc. This is the 4th month in a row markets have closed negative, Let us see what April has in store.
1. By law of probability, 5 red monthly candles have almost never happened. So April should be a positive month. The market has been oscillating around the 17000 mark.
2. The US Bank crisis should blow over. Inflation is rising and it is a localized issue. Interest Rates India should also rise by 25 basis points.
3. The Karnataka elections in May and results on May 13th will be a trend decider for the Indian markets. Till then the markets should rally.
4. In times of uncertainty, Gold always rises and Gold will do well.
5. The Indian markets have shown great resilience in times of global uncertainty so I expect them to do well and at least reach 18500 if not higher.
6. The Ukraine crisis will again come to a boil with Spring here and a fresh offensive being readied for a launch.
If I was an Indian investor, I would lock into high interest rates, focus on my short term debt portfolio, avoid equity markets and book profits in the existing portfolio.
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