1. U.S Markets closed higher yesterday.
2. Nasdaq is outperforming other indices.
3. Expect Indian IT Stocks also to come back strong.
4. IT , Chemicals & pharma have been lagging sectors in this Bull run
5. Expect Big money to shift into these sectors.
6. Inflation in U.S as well as India has eased.
7. Inflation numbers reported in U.S have been lower than expectations.
8. Indian Inflation numbers have been at an Yearly low.
9. Fed Commentary was important yesterday.
10. U.S Fed indicated that there would be a single rate cut in the current FY
11. Previously the projection was of 2 rate cuts.
12. All the Major World markets have been trading at all time highs.
13. India also isn't lagging behind.
14. We have been consolidating from last 3 days on index level.
15. The broader market has been outperforming.
16. That is where majority of the action is.
17. Expect the same to continue going forward.
18. When economy expands , smaller companies outperform.
19. Gift Nifty is indicating a gap up of 80+ Points currently
20. Nifty might trade between 23150 to 23450 today.
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