A big market crash is on its way?
It’s not about all time high and all time low, it’s not about positive trend or negative trend, it’s not about Retailers, DIIs and FIIs but its all about event and the importance of the event, the significance of the event.
No event can be bigger than the General elections or Central budget as for as India is concerned.
Budget session is commencing from 22nd of July 24, everyone’s expectations is high, government has no clear majority and driving with its alliances, Vidhansabha elections are on its way.
Fear, greed, expectations, worries, hope, concessions, subsidies, relief have been ruling the market and will dominate this time as well.
So where market could go on Monday and Tuesday?
If you look at the points mentioned above closely, what would you think, will corporate world is going to like free bies? If you think yes, corporate world will like these measures, then stay assured that Nifty will cross 25000 Sensex will cross 85000, and Banknifty will cross 55000 and then it will be all about all time highs, but if you think that corporate word is going to reject these, you may consider vice versa.
A big burst will be waiting for you on Monday and Tuesday, but these are my views it may not become true. But what you think must let me know by mention your point in the comment section.
Will share more details in my next article on 21st July 2024.
Note: These are my views on the expectations and indications, market may behave differently from my views, readers discretion is advised.
Very useful knowledge shared.
Thank you for sharing your view on my article.