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Schadenfreude or Regret I Elections + F&O this week
By GoalTeller
2024-11-17T00:00:00Z
1 MIN READ


Schadenfreude or Regret – which is worse 😉

  • All indices closed in the red as earnings continued to disappoint.

  • The coming week will have two important developments that will impact the markets viz – a) New F&O Rules getting into place – we’ll have to see how this impacts markets and liquidity, b) Outcome of Maharashtra elections.

  • Indian markets as mentioned earlier should take support in the worst case around 22k – 22.5k levels which if breaks can lead to a further domino effect.

  • Renewable energy stocks have fallen last week on worries of Trump placing restrictions on imports.

  • Gold has fallen around 5% and could be a good bet on further dips, the currency also continues to make new lows.

  • Lot of stocks will offer good bottom fishing on any incremental dips + as we discussed best to start nibbling and get 80% invested by 22,500 levels if it comes to that (With the various events, very difficult to hazard any guess on how exactly the market will behave and hence best to play our own game as always).

Got this wrong for now but always advise to stick to one’s game

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