#NIFTY Bleed the Reserves
Price action is quite horizontal since 2021 compared to the relentless straight line falls in the SPX. We are not ring fenced from the global markets and sooner or later we may see a strong sell-off. IT sector is already in the throes of a deep selloff spiral.
Nifty has plans to wing its way out of the global turmoil on the back of strong retail inflows. Its a good thing to note here that FPI's & FII's have exited our market in large numbers. We may save ourselves from a depression if RBI stays comfortable with the depletion in reserves aka war chest. Lets see how comfortable our markets get with the sustained 75bps ratehikes by the FED. Expect Fed Funds Rate to hit 5% next year.
Nifty has plans to wing its way out of the global turmoil on the back of strong retail inflows. Its a good thing to note here that FPI's & FII's have exited our market in large numbers. We may save ourselves from a depression if RBI stays comfortable with the depletion in reserves aka war chest. Lets see how comfortable our markets get with the sustained 75bps ratehikes by the FED. Expect Fed Funds Rate to hit 5% next year.
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