Skip to main content

Current Market Scenario

As Indian share market is hovering around it’s all time high many people are expecting a correction in market. The people who were expecting a correction at a level around 9000-9100 were deceived by market and with domestic stability on political front market danced, which was further tuned by corporate earning which is continued at present also. Again many of investors are expecting a correction which is well supported by geo-political situation between North Korea and US. As today’s event also suggested a tensed situation between India and Pakistan which fuelled bearish sentiments.
 If we will compare current scenario with 2008 crisis taking parameter of P/E one can say that there is a clear correction which is due to happen because of any reason.
Take a look at these two images:
In JAN 2008

In April 2017


After seeing these two images one can say that correction will definitely come but do remember nothing is certain in this market.

Market punters are expecting the bull run to continue because on every dip of market a buying sentiments is emerging. Rather world market goes down or go up Indian market are least reactive and clearly it is visible that if Nifty sustains above the current level then 9600-10000 can be the ultimate target.


So, after seeing technical parameters and also from the fundamental perspective either a correction is due or market will continue it’s bull run is hidden in core of future.

Comments

Post a Comment

Popular posts from this blog

The Buzzing country: North Korea

After every day or two a news comes in related to North Korea and market reacts sharply to it. The latest news came yesterday as North Korea confirmed that it tested a nuclear bomb which created earthquake of magnitude 6.3. US already warned North Korea not to do all these stuffs related to nuclear tests but all the warning has been neglected by the other side. Kim Jong- un is not listening to any one and he continues to do what he want to do. He is also even threatening to US and probably he is ready for a nuclear war. Donald Trump reacted to this test and is trying to find a way how to counter this without getting involved in a war. He asked to stop all trade with any country doing business with North Korea. Probably Trump is hinting towards China which is the lone country who supports North Korea behind the curtains. US along with his allies called for an emergency meeting on Monday to discuss about all options available. The fear of a war cannot be ruled out and if this happens...
Post a Comment
Read more

A note on France's Presidential Election

France Presidential Election is going on as first round is over and Presidential candidate Emmanuel Macron   won first round. The second round of election will be on 7 th May 2017 . Emmanuel Macron is fighting election for the first time and he is the youngest leader in the history of France. Emmanuel Macron was Investment banker earlier. The second round of election will be between Emmanuel and Le Pen . Political Pandits of France are predicting a win of Emmanuel over Le Pen  Emmanuel Macron                       Le Pen Sentiments for market : If Emmanuel Macron will win the election then it will create a positive impact for world market, on the another side if Le Pen will win the election then a knee jerk reaction can be seen in the market. Market may trade volatile before the outcome of the result.
Post a Comment
Read more

Market wrap Up of 6th April

Indian capital markets remained flat to negative on Thursday as RBI’s monetary policy committee kept the repo rate unchanged, while it increased the reverse repo rate to 6 per cent. Nifty traded above the level of 9250. All indices closed in the red, except IT, Metals and Oil & Gas. Consumer Durables and Healthcare reduced 100 points each. Bank index also declined 18 points. Oil & Gas increased 127 points. IT and Metals rose 14 points and 48 points, respectively. Mid-cap index increased 20 points while Small-cap reduced 33 points. Overseas, European and Asian stocks edged lower, after minutes of the US Federal Reserve's last meeting raised worries over high stock market valuations. The Reserve Bank of India (RBI) today, 6 April 2017, kept the policy repo under the liquidity adjustment facility (LAF) unchanged at 6.25%. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today. Stocks which will remain in focus for...
Post a Comment
Read more