Markets Range Bound
Scenario's
After having shared that it will go back to 67500-70000 range - it did went to 67800+
Now to make things worse @potential to fall and go below 60K and even more is there before elections!
Retail market /investor if looses money - almost 10-12 crore retail investors @ unique demat accounts.
It is a result of
1. Ambiguity on war zones Ukraine and Israel
2. Election @Anti BJP propaganda
3. FATF propaganda
4. Global Cues - other markets too falling
5. Oct- Dec Qtr end
Abnormal profits should be taken out and 3-5% loss is a good sign in these circumstances.
With abnormal profits buy at every fall till next year or stay liquid to let the markets bottom out.
It was also shared in July that 300-600 points fall 9 times should happen before December. One can count - almost 5000 points have fallen cumulatively in last 4 months.
Like shared 65K strong resistance and markets remained at 65000 for almost two months,
Expect markets to be range bound 60000-62000 for a month and then may even test -
58K is the next strong resistance.
Congress Comes or survey says Congress coming - will fall further 50-55K and then will rebound
If Survey says BJP gets Between 200-250 - markets may hover around 60K
If Survey says Hung and no one gets majority - 50-55k
If Survey Says BJP to be 300+ markets to be 67500-72500 range
Analyse and have your views.
Natural Disclaimer
26th Oct 2023
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