Happy Dussehra Greetings

Wishing you a very Happy Dussehra! This is a special day that reminds us that good always wins over bad. Just like how we celebrate the victory of good on this day, let’s hope for good things to happen in our lives and the stock market too!

Indian Stock Market Overview
The stock market in India is like a big game where numbers go up and down. On Wednesday, the market did exactly what we thought it would do. We were right on target!

What Happened on Wednesday?
On Wednesday, the Nifty index (which is like a score for the market) started the day at 10,700. But after just 10 minutes, the score started to fall, and by the end of the day, it was down to 10,450. This means the market went down quite a bit.

The Bank Nifty index (which is another score but for bank stocks) also went down. It started at 25,900 but dropped to 25,150 by the end of the day. Both these numbers show that the market was not very happy on Wednesday.

What About Today?
Today, we expect the market to open with a “gap down.” This means that the market might start at a lower number than where it ended yesterday. After the market opens, it might continue to go down for a while.

We think the market will keep going down until about 10:30 AM. After that, from 10:30 AM to 2:40 PM, the market might get a little better, and the numbers might go up. But it could also be a little shaky, so we need to be careful.

After 2:40 PM, the market might start going down again. This means that the numbers might drop as the day comes to an end.

What Should We Do Today?
If you have “short positions” (which is when you make money if the market goes down), it’s a good idea to sell them before 10:30 AM. This way, you can lock in your profits before the market changes direction.

Later in the day, around 2:40 PM, you might want to “short” the market again. This means you bet that the market will go down, which could be a good plan for the next few days.

What About Next Week?
Next week, we think the market will keep going down until Wednesday. The Nifty index might even go below 10,000, which would be a big drop. The Bank Nifty might fall below 24,500.

But there are some points where the market might stop going down. For Nifty, it could stop at 10,200, and for Bank Nifty, it could stop at 24,800. These are important numbers to remember because they could be where the market tries to bounce back up.

Global Stock Markets
In other parts of the world, like the United States, the markets are also going through a tough time. We predicted that things would get difficult, and they have. When the market goes up a little, it might be a good time to “short” it again.

Earlier, we suggested selling half of your positions in the DOW, NASDAQ, and S&P 500 at certain points. If you did that, great job! For the rest of your positions, it’s a good idea to hold on to them, as we think the market will keep going down until next week.

We also think that the S&P 500 might fall below 2,700 and the NASDAQ might drop below 7,000. If the S&P 500 gets close to 2,810, it might be a good time to “short” it again.

European and Asian Markets
In Europe and Asia, it’s a good idea to sell half of your positions at the current market price. Hold on to the rest and look for a chance to “short” when the market goes up a little. For example, if you’re trading in the Amsterdam Exchange Index (AEX), selling half now is a good plan.

Precious Metals (Gold and Silver)
Gold and silver are still looking good for trading. We think it’s a good idea to buy gold and keep a close eye on it until it reaches a higher price. The same goes for silver.

By next week, gold might reach 1,260, and silver could go up to 15. These are good targets if you’re holding onto these metals.

Crude Oil
Crude oil has been a bit shaky. It went over 69 in the last session, but next week, it might go down to 64. If crude oil reaches 70 again, it might be a good time to “short” it, betting that the price will drop.

Conclusion
The stock market can be tricky, with lots of ups and downs. But if you follow a good plan and stay alert, you can make smart choices. Remember, the key to success in the market is to stay informed and manage your trades wisely.

Once again, wishing you a Happy Dussehra and happy trading! May this festival bring you lots of good luck in all your market adventures!