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Nasdaq

THE FED HAWKISH PLAN STILL IN CONTROL!!!With the ease and positive economic data last week, market sentiment still believe the FED hawkish plan still holding. technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend. The central bank is expected to raise rates by 75 basis points for the fourth-straight time before "pivoting" to a slower pace of rate hikes, which the market has begun pricing in. failure to this the DXY will continue falling, that suggest a long term buy for the US indices. its a wait and see for now. MY VIEW, BUY US100 AS SHOW IN CHART. SHORT TERM BULL TRADE THIS WEEK AND MAYBE NEXT WEEK AS WE AWAIT A CONFIRMATION FOR THE LONG TERM SETUP. cheers😎. thank me later
ULong
by spartasimon51
Correlation between Nasdaq and Indian IT stocksThere is an interdependency between them but not to the extent, that people considered it to be. Indian IT stocks have shown much resilience and hold their position better despite the sharp fall in the US market. There are a few challenges to this sector 1. Attrition 2. Usd/INR 3. Fear of recession In case of recession, it will be beneficial for western countries, they will outsource the workforce, which could ease the pressure on their margins. Looking at the price structure and valuation of IT stocks, It seems to receive support at 8-10% below the current value.
NSE:CNXITEducation
by OK_Rane