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Support and resistance 📈 #StockMarketindia #stocks

Analysis of the short #StockMarketindia #stocks

Dow Jones Industrial Average Index #DJI back to Nov 2020 Level. #stockmarketcrash #stockmarket #technicalanalysis

Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy: India $3.5trn vs UK $3.2trn.But a reality check of population denominator: India: 1.4 bn vs UK.068 bn.Hence,per capita GDP we at $2,500 vs $47,000. We have miles to go…Let’s be at it!

Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!

With inflation…

US inflation 8.6% year on year. Monthly inflation 1% ie 12% annualised! Cannot believe average Fed funds rate still below 1% pa. Massive catch up needed. Let’s remember that when US sneezes the world catches a cold.

Chart over Heart. ALWAYS!