InvestorQ : Can you give me your trading view for 15 December? I am a little worried at these levels of the Nifty?
Arusha Ray made post

Can you give me your trading view for 15 December? I am a little worried at these levels of the Nifty?

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diksha shah answered.
1 month ago
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The Nifty and the Sensex appear to be making new highs on a daily basis. It is hard to call the top when the market is in uncharted territory. The only thing you can possibly do is to adopt a stock-specific thematic approach and use put options to hedge your risk.

There is an interesting shift in the last few days as the action was most visible in the PSU stocks including the likes of ONGC, IOCL and Coal India. Add to it the A/D ratio also continues to be encouraging at 31:19 and that normally favours the less-fancied stocks.

The story of Monday was the story of crude oil. The buoyant prices of Brent crude oil in the market have given a leg up to most oil extraction and even to downstream refining companies. It assures better realizations per barrel as well as better inventory valuations.

The saga of FPI flows goes on. On Tuesday, the FPIs were net buyers of Rs.2264 crore while DFIs sold Rs.1721 crore. Now FPIs have infused Rs.30,000 crore in December so far and despite the heavy selling in Q1, year 2020 has seen record FPI flows, which is still on.

For Tuesday, the global markets are not suggestive. Dow and select European markets were in the negative while the tech-laden NASDAQ was still trading in positive territory. However, the SGX Nifty is trading 20 bps lower in early trades but that could change with Asia cues.

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