As per my wave analysis, NIFTY can drop to 15000 levels as the signs of economy worldwide is not good.
Crude Oil will go up to $125 levels soon from present $95
Dollar is getting stronger and with the combination of Dollar going up and Oil going up, inflation will rise too. Profits will sink as expenses will go up. Hence, valuation of stocks will go down.
THIS IS JUST TO LET YOU KNOW BE CAUTIOUS, this will not stop us to trade and make money.. but the wind direction is probably changing soon...
Happy Trading.
Crude Oil will go up to $125 levels soon from present $95
Dollar is getting stronger and with the combination of Dollar going up and Oil going up, inflation will rise too. Profits will sink as expenses will go up. Hence, valuation of stocks will go down.
THIS IS JUST TO LET YOU KNOW BE CAUTIOUS, this will not stop us to trade and make money.. but the wind direction is probably changing soon...
Happy Trading.