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*My 2cents take on market*

We have now 9 training sessions in this December series and last expiry for the CY 2022.

Last week market has shown some negative bias after heating all time of 18800 + on the eve of assembly election results.

Looking at global economy, particularly crude oil, which is trading below $80, is a very good sign for Indian economy.
Since August both FII and DII were buyers in the market, even though in December series we have seen net sell out by FII, selling has been absorbed by DII

Latest MPC meeting Outlook shows aggregate demand still intect as well as CPI is moderating with stable or negative crude prices and good agricultural produce.

USA economy is showing some turbulence but with stable oil prices, falling cryptoes it's unlikely that US will see any sale of on the eve of new year.

Options data suggest strong support for Nifty between 18000 and 18300 and Bank Nifty to hold 43000 level

As a whole domestic investors are comfortably placed and in no hurry to book profit, they will continue to hold till budget announcements which is towards end of January 23

*So stay invested till the budget announcements and can book some profit on the eve of budget as this budget is likely to be more on supporting agriculture and consumption.*

This budget is unlikely to give any major concessions to stock market investors as government borrowings will rise in first three quarters of CY 23 and government will not reduce their direct / indirect kitty.

For last 14 trading sessions *Nifty* has been holding above 18000 with 13000 crore pumping by FII and 3000 crore drain by DII

Ever since *Nifty* crossed 18000 mark in October 2021 this is the *longest period* for which Nifty is above 18000.

About 10 years back Nifty started upward journey *on the eve of Gujarat elections* wherein Mr Modi was elected third time as chief minister of Gujarat and subsequently Nifty rallied to then all time high of 9000 plus, *more than 60% upside in 2 years*.

Now we are entering into crucial phase of stock market journey as we are one and half years away from a *possible milestone* in Indian politics, if prime minister Modi gets re-elected in May 2024.

If that happens then he will be *first prime minister to achieve* this post Nehruian era.

We feel this is a right time to get the pulse of our investor, trader community by doing *a survey about their perception of market performance from now till May 2024*.

Kindly submit your opinion in following survey

https://forms.gle/h79JBqmiyAAFdnfy5

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Very interesting development,
With SBI taking lead in reducing exit load period all others will be forced to follow.
This will also help investors or traders who find it difficult to identify stocks to invest/trade in bf fund which is relatively volatile and offers good returns in shorter period