SGX Nifty Futures
(Change Vs Today’s Nifty Futures (NSE) Closing)
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Nifty Futures / SGX Nifty Trend Remains Down
Nifty Futures / SGX Nifty continued to slide down in a slow manner.
Overall the current scenario is that liquidity from the global central banks are going to be supportive for the market in the immediate term and valuations will act as a head wind so those that will not allow a fast fall in the immediate term and whenever slightest of value emerges in the market that will be bought into but that buying as per our analysis will not make any money in the medium to longer term and we say this because in our historical analysis of various wealth creation models we have seen that all investors who have made wealth have always bought cheap and bought a company with a good management and almost all of them have bought companies where earnings growth was visible. As of today we do not see many opportunities like that in the market so we do not recommend buying into any dips from a investment perspective. Trading in and out is a different ball game all together.
Yesterday FED did not hike rates but has guided for a Dec rate hike of 0.25 Bps and we do not see that markets will be waiting for long to adjust for that. As we have said yesterday that regardless of the event markets are going to sell off and a risk off trade will begin globally and locally. Low earnings growth, High valuations and extreme bullish sentiment these are the ingredients for a global sharp risk off but in the near term do expect choppy moves in Nifty Futures / SGX Nifty.
Good Trading To You!