Markets gave a good run up after a Good Performance of NDA (BJP).
Elections outcome is clearly a win for BJP . India VXI has stabilised and Declined towards 20 .
Now Main Question is what is Ahead After Elections?
Where would market go?
From where market will take clues?
Markets will now Closely watch the following:
🚩BJP 100 Days Programme and New Budget .
🚩Crude Oil Movement
🚩US China Trade war
🚩US Iran Trade war.
🔷️As we have reached all time high And Indian markets are the worlds most expensive markets we can see certain Degree of Cooling.
🔷️For Next few days we can see huge money to come to markets which was on sidelines which could support markets or drive markets a bit higher,
🔷️FDI Inflows will increase as more then 250 American Companies were waiting for Election Results and favourable Outcome to invest in India to derisk themselves from US China Trade war .
🔷️BJP win is huge positive for the country & Markets. This win is historic as BJP has got more than 45 percentage vote share and won against 22 opposition leader who Fought against BJP.
🔷️This Win is very Good for Economy also As soon BJP will have a full majority in both lok sabha and Rajya sabha. All the pending reform should be cleared easily.Now with respect to stock market Midcap and smallcap got a New lifeline and can start performing Slowly & Steadily in next few months.
🔷️As we@wealthcreatures had expected Nifty to Touch 12000 to 12300 close To election Results.On 23rd May Nifty Hit a New High of 12041 & Sensex also Recorded New High of 40125.Anything Beyond 12300 looks expensive for markets in short term & markets can take a pause & small dips to give Upmove in July.
🔷️Midcaps should be in flavors for next 2 years.2019 can be Accmulation year for Midcaps & smallcaps & 2020 & 2021 can be year of Midcap & Small caps.
Disc – All views expressed are personal and only for study & Educational purpose only.Consult your financial advisor before investing or taking any position based on above article.
WealthCreatures 