Q&A_ Why is Nifty50 still strong whereas SPX is in a bear grip?
Namaste!
Currently, Nifty is trading near very important levels. This was the important resistance (because of lot of consolidation happening between Jun-July 2021), which became a support after the breakout. It has been tested twice since the July breakout.
S&P 500 fell into bear market yesterday as far as daily close is considered. But, I am not convinced 100% of this happening, because Dow Jones is still hasn't got into bear market yet. I will be convinced >90% if SPX closes below 3854.90 in weekly chart.
Q: Why is Nifty still strong as compared to US markets.
A: 1st reason is that, the fund houses, hedge funds, investors and FIIs may be moving money from weak US markets to comparably strong Indian markets. 2nd reason is that since it is a very strong support, market have to consolidate a little before moving below (15600 Nifty level).
Q: Will we see bear market in Nifty soon?
A: Well, if DJI slips into bear market too, then there is a very high probability that we will.
Q: Should we wait for a bear market to start investing?
A: NO. There are many stocks in Sensex and Nifty which became undervalued due to this bearish plunge. You should to find such stocks and get into it without waiting for more downfall.
Disclaimer: I am not an expert or professional degree holder into the field of investing. The views and analysis I have shared is of my own, based on my understanding. Please do your own due diligence before any activity.
Currently, Nifty is trading near very important levels. This was the important resistance (because of lot of consolidation happening between Jun-July 2021), which became a support after the breakout. It has been tested twice since the July breakout.
S&P 500 fell into bear market yesterday as far as daily close is considered. But, I am not convinced 100% of this happening, because Dow Jones is still hasn't got into bear market yet. I will be convinced >90% if SPX closes below 3854.90 in weekly chart.
Q: Why is Nifty still strong as compared to US markets.
A: 1st reason is that, the fund houses, hedge funds, investors and FIIs may be moving money from weak US markets to comparably strong Indian markets. 2nd reason is that since it is a very strong support, market have to consolidate a little before moving below (15600 Nifty level).
Q: Will we see bear market in Nifty soon?
A: Well, if DJI slips into bear market too, then there is a very high probability that we will.
Q: Should we wait for a bear market to start investing?
A: NO. There are many stocks in Sensex and Nifty which became undervalued due to this bearish plunge. You should to find such stocks and get into it without waiting for more downfall.
Disclaimer: I am not an expert or professional degree holder into the field of investing. The views and analysis I have shared is of my own, based on my understanding. Please do your own due diligence before any activity.
Comment:
US Markets as well as Indian markets are waiting for US FED interest rates hike. The meeting is scheduled on 15th June 2022. It is a very important event for this month.
Comment:
Nifty 50 and Banknifty is hitting all time high, mainly because the foreign investors are pushed by fear (to park their money to some better place, like India). China has tension, Europe has tension, hence India is in the sweet spot. India is also a good option due to its cheap labour.
Once the tensions in China and Europe solved, Nifty 50 might be the most crashed market among global ones.
Once the tensions in China and Europe solved, Nifty 50 might be the most crashed market among global ones.