Dec 24, 2018

DOW JONES sold off badly as expected

DOW JONES sold off badly as expected

In our past market updates, we have been warning about the imminent upcoming sell off in USA Dow Jones index, the resistance of India and other EMs to bow down and follow it on the down side as well as how they will not be able to cop with a heavy sell off in the same. While the Dow Jones decline was given, and the Indian markets touched their upper end of the range that it has been trading for some time; those in knowledge of the pattern made good money on both up and down side.
As of writing this Indian stock markets are yet to open and on Friday DOW JONES shed another 500 points, Asian markets are about mixed, and SGX NIFTY also not a lot indicative with flattish or non-indicative bias. We maintain sell on rise and buy on dips with stock specific movement.   
Read recent articles for more insight as the structure of markets and present trading strategy remain same more or less.
We do not believe that the cut in GST rates will have a great deal of impact in view of the monthly movement of markets.
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