The market has been waiting for this time for long it seems - all moves in the market, were aimed this point - what happens when the market reaches here.
Could be just a coincidence? Or just the beginning of 50+% correction?
Near Term View - Flat
Long Term View - Bullish
Soon Gold and S&P500 should break up permanently and should start showing perfect anti-correlation.
Every worry for Inflation will play on this positively for Gold and other base metals and negatively for Stock Markets.
This is short term outlook.
Expecting a huge fall after Wednesday, Thursday US numbers and China Thursday numbers might show the reality of main street numbers to Dalal/Wall Street. Should see this downfall in World markets till another news on Vaccine Hopes takes the center stage back.
Expecting Nifty to reach/settle around 10K by July end.
Not Sure why but I am long in Short term. May be we will see downturn post this Earnings seasons somewhere from mid-July.
Market and Economy will be disconnected till FED and other central banks will keep having manual intervention in the market.
Expecting a breakout in XAUUSD before 20th May.
Expecting market to show downturn in short term touching around 1600 and then bouncing to new levels of 1850-1900 levels and should stabilize at 1800.
There is strong linear downward trend with HUL like FMCG stocks leading the drop.
Starting next bull trap after reaching 8K levels by May end. After poor unemployment data for India and recession predictions for Europe.
