Photo Courtesy: timesofindia.indiatimes.com/business
Markets Today-Last Day of 2024
Here we are at last day of calender year 2024. A year which investors wouldn’t like to remember and acknowledge as far as performance of Sensex/Nifty is concerned.
A good and decent flat start to day yesterday with market going green at around 1120 and the fall from there speaks lots about existence of Volatility In Indian Markets.
Market may start from where it left yesterday. A Negative start to last day of the year is expected today..
US markets are down badly, Asian markets are trading mixed.
FII selling started off the fall of market and sold good amount of 17400 cr plus and then meanwhile bought around 15500 cr.. Which pulled back market a bit. Net FII selling was minus 1900 cr and DII as usual buying heavily on lows and were net buyers plus 2170 cr.
What to do now?
It’s expected that today’s correction can push market to new lows. So just wait n watch. The news from US isn’t too good either.. US market analysts are predicting a good correction in US market too.
So you have opportunity to buy US ETF through Indian markets which will give u good positions.
Indian markets has to be played individual stock wise. Don’t worry about index, look at your favorite stock and Buy/sell as per individual targets. Some stocks are doing extremely well amidst this volatility.
And finally calculate ur P&L for year 2024. And set target for next calendar year wrt your earnings.
Take time and Re-evaluate ur portfolio.
Everyone asks… WHAT TO BUY? but believe me that’s not so important…
IMPORTANT IS WHAT AND WHEN TO SELL??
This is the toughest decision making in market.
Levels to check today
Bullish – 23710
Bearish- 23530
And in case this level of 23500 is broken… High chances market may see new low below …
Some stocks which may rally amidst this negativity-
Mazagon dock gets huge 2000 cr order from MoD for submarines.
RVNL receives order for 137 cr from Central Railway
KEC gets an international order
Unimech Aerospace is expected to have bumper listing today. Congratulations to those who got the shares in their kitty.
Gold is trading flat at 78900 levels and silver too remains unchanged.
Finally as u stayed strong in 2024…Stay strong today too as markets may test new lows and try to rebound … Look for individual stock buying opportunity incl US ETF.
Happy Investing and Happy New Year
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
