I was expecting lots of fireworks in December. At start of the month, nifty was trying daily to make new high but failing to do so. This means that we can see down side from there. And in second week, it was. This was very bad days for indian Stock market. Sensex and Nifty both falls even after the good industrial result.
Inflaction is high now so RBI may hike interest rate. This created pressure for last two sessions for indian market. Another thing was Christmas holidays. Now FII is leaving for christmas holidays and market volume is going down. Lower volume may drag market further.
There is a news that Some big investors are waitnig for 20 dec and they will invest heavily in Small and Mid cap stocks in absance of FIIs. Lets see what happens. Atleast I am hoping upaward moments because US and Europe markets are showing good recovery
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