NIFTY: New Asset ClassWhile on one hand there are measures to ensure retail won't lose money, or at least expected that retailers are kept away from taking the bets, we see one more product that comes with 10L ticket size.
Either we are made to believe that ticket size of 10 L is not retail and those know how to handle the risk or worry is only about investors losing below the 10 L category.
These are typical and have happened many times in the history more so when markets are in the fifth stage. Introduction of new products Indexes etc.,
Truncated holiday, and ahead of budget, market would focus companies where visibility is great, be it negative or positive.
Fiscal Prudence or profligacy will be tested. Demands from the two large supporting parties, elections due in some states weigh heavily. A farmer friendly, a middle-class friendly budget can be expected. Thankfully, the cushion to bridge with robust tax collections, stable interest rate environment should high.
The fiscal deficit ratio is key, that is what the rating agencies look for.
There are no signs of fatigue, and the broader strokes still looks supportive and hence direction remains to the north, save a few rotations that can take place.
Support 24565-24525-24480
Supply 24630-24665-24708
