A potential 785 points move is on the cards.
Most probably, tomorrow ( Friday ) , the price action may consolidate. I am expecting either massive gap up or gap down on Monday.
From a macro point of view, the FII are net sellers and inflation hasn't peaked yet. The scope of soft landing are out of the cards and the FED chairman has hinted about a potential recession in the fight against inflation.
Expecting further downside from here. The global markets may bottom out even before the news could be out.
Though Indian fundamentals are strong, yet it will not help to shield against the repercussions that are unfolding at global level.
Most probably, tomorrow ( Friday ) , the price action may consolidate. I am expecting either massive gap up or gap down on Monday.
From a macro point of view, the FII are net sellers and inflation hasn't peaked yet. The scope of soft landing are out of the cards and the FED chairman has hinted about a potential recession in the fight against inflation.
Expecting further downside from here. The global markets may bottom out even before the news could be out.
Though Indian fundamentals are strong, yet it will not help to shield against the repercussions that are unfolding at global level.
Trade closed: target reached