➡️ KARNATKA ELECTION DONE NOW WHATS NEXT MARKET WOULD LOOK AT ?
Now Markets would now focus only on ……
👉CRUDE OIL PRICES.
👉INFLATION & WPI DATA.
👉Few days back we were talking about 9700/9800 when Nifty was trading at sub 10000 Levels. On 15th May nifty touches 10900 from recent lows of 9951 gaining almost 9.5%.
👉Many Midcaps Still Trading way Below or Near to the price when Nifty was at sub 10000 levels.
👉On Down side Nifty has strong support at 10640/10520/10400 Levels. On Higher side 11000/ 11190 On Nifty has Huge Resistance.
👉Midcap & Small Cap Index can continue to drag down with some more pain left.But many Good Quality Midcaps are languishing at Resonable Valuation and that can be looked as opportunity to add on dips.
👉We@ wealthcreatures feel Midcaps should start performing from June or July. And in nxt 12 months or even before that we can see midcap index close to New highs. Currently Midcap Index is Trading at 19000 Levels.Before upmove we can see 2% To 4% fall in Midcap index.
👉Stock management going up that’s keeping Index up. But eventually many stocks getting beaten down slowly.
👉Stay only with Growth Stocks with earning visibility.
👉STOCK SELECTION VERY IMPORTANT.
👉Reshuffle your portfolio With INDIA CONSUMPTION STORY.