NIFTY- BULLS AND BEARS

NIFTY INDEX OUTLOOK

The forgone conclusion of US election outcome, CBOE VIX’s decline to 59.8 from the peak of 89 recorded in the previous week,the series of liquidity shots by central banks in US, Japan, China and in Europe brought cheer in equities across the globe. The billion dollar question remains will Barack Obama win the wall street ?

Moderate inflation numbers in India now at 10.68% and the slew of interest cuts by RBI should change the landscape of Index outlook.At this point both the bulls and the bears have lost their route map to their destination.Some call this stage as consolidation.However the light up of Diwali sky should last.Will the stock market cast its vote for the bulls or for the bears in India is the biggest challenge . I think cloudy Weather in our stock market may be cleared for the time being. Will the current mood take NIFTY to 4000 level?

watch out for the following technical levels in NIFTY( for November future)

3133-3216-3255-3313

Disclaimer: I am a private person airing my opinion to moderate more thoughts on the subject. Readers of this blog should be fully aware that the outcome of their decisions are entirely their responsibility and not mine.

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Tags: bulls and bears, interest rate cuts by RBI, Nifty Stocks, NSE Index Outlook, US elections and Indian stock markets