Unfortunately in our circumstances in India, markets are extremely volatile and there is certainly a sense of instability. So this is not the environment for the renewal of the uptrend that we saw. So the best option is, we can see a consolidation and of course, the downtrend can continue .
Downtrend will Continue Until we will not get any good news from Political Point of View.
More or less the shock has already gone in the entire system on 23rd Aug and probably market is aware that the disturbance is on. So only if some positive news coming in market, would look at it little bit more favorably; otherwise this impact is already given as far as the market is concerned.
The market has a very short memory. Right now, I think we are living day-to-day. So the kind of bounce you see on opening gap of 2% upward down has become kind of trigger for the market right now. Whether the market should be worried? I think you are looking at the political situation not yet impacting economic policy framework. The government hasn’t done too much in terms of the reforms that you should worry that if a new government comes the reforms will slow down. So overall I think until we get into a situation where we don’t have a government, which to my mind is somewhat unlikely any government is okay.
Prediction in Term Figure : Volatile and In downtrend market again try to touch Nifty 4050 level. But market in upper trend again able to cross Nifty 4150+.
Overall market Should be postive at the end fo the day.
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