The World Indices from Jan 1st, 2022 to Oct 10th, 2022:
US Dow Jones = -19.64%
US S&P 500 = -24.21%
US Nasdaq = -32.62%
UK = -5.76%
Germany = -22.74%
France = -18.35%
Hong Kong = -27.70%
Japan = -7.98%
India = -0.65%

Technical Outlook:

Nifty may test 17500-17600 levels soon. There are 2 possibilities from thereon:

(i) Markets may hit this resistance zone and fall back to around 17000-17100 and then show a strong bounce back, setting it’s course gradually towards 18000. So this is when we enter, at 17000-17100 (or 17200) with our next investment tranche, to ensure a good buying average at lower levels.

(ii) The other possibility is markets break the 17500-17600 barrier and continue to go up. In that case we would enter roughly at 17600 with our next tranche.

Ofcourse there could always be a 3rd outcome (which seems “less probable” for now), of market entering a bearish phase if they break 16750, in which case we will wait till 16300 to consider entering with our next tranche

Disclaimers

(i) SEBI Unregistered
(ii) Equity Investments are subject to Market Risks
(iii) Please read our General Disclaimers carefully, which is a part of all our Client Reports. Please let us know if you would like a copy of the General Disclaimers separately.