Market Update
Indian markets have been resilient as compared to global markets despite all the macro tailwinds.
January may surprise us with some positive trend in the markets because of the following 3 factors
a) Budget expectations – this is a local event but expectations are always built up
b) China re-opening – while it might result in more worries about Covid-spread but opening up of China -economy may temporarily work as anti-dote to global recession-worries as unlocked public may lead to demand spurt as it was witnessed in other countries.
c) Global markets sell-off of December may pause a bit .Thus stable global sentiments may result in smooth sailing of the makets.
Looking at the above factors, it seems that we might have a 1000 points rally from here onwards ( we still believe that it would be a bear -market rally)
Disclaimer :We have all the rights to go wrong as no-one can predict the future exactly.
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