Dec 17, 2018

Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

We continue to predict a sideways market with sell on rise and buy on dips as well as individual stock price movement type trading market. Earlier also we have said that during the past month’s pull back many stocks which were hammered in the erstwhile sell off for as much as upto 50%; have made base and are likely to give 10-20% up move in the sideways, range bound type of scenario with low volume market participation and mutual fund buying where there is lack of speculative interest.
These stocks include stocks like SAIL, BHEL, Wockhardt, Adani Ports, Yes Bank, DHFL, and others.
One thing to notice is the sharp fall over last few days in crude oil prices of almost 30% to 50 USD per barrel from 75, and the easing tension on US-China trade war front. This may help a year end rally in already battered European, and Asian markets, while it is possible that USA markets may continue to remain sideways and non-eventful with bouts of volatility with no significant trendy movement. We are anyways already seeing a decoupling between the all three wiz.USA, Europesn, and Asian markets regard with the movements when we saw Asia markets perform better many days even though there was 500 points or more decline in USA markets the day ahead. So basically the trades are short term and a lot of portfolio shuffling is happening across the global investors groups.

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