Saturday, 16 March 2019

Markets Next Week: Time For Profit Booking And Consolidation


Indian benchmark indices had a stunning rally this week, which few would have anticipated at the start of the week. Foreign Portfolio Investors poured staggering amounts of money this week, even as domestic institutions resorted to selling. It was after months that we saw such money being poured into the Indian markets.

The anticipation of an NDA government
This week's rally had largely to do with an anticipation of an NDA government at the center, following the airstrikes by the Indian army inside Pakistan, late last month. There is a belief that the Modi led government has bettered its chances after the strike, which led to some large scale buying, especially by Foreign portfolio Investors.

One is not certain though, whether this would definitely be a positive outcome, as factors like agrarian distress and joblessness may also be crucial for Modi's victory. In any case, the markets staged a remarkable rally and this was one of the best we have seen in months.

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Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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