Fundamental Check on Markets: 23.06.2022

Posted by Beena on June 23rd, 2022

Brent has fallen from recent high of 125 to 108 and US 10-year yield from recent high of 3.464% to 3.166%. But there seems no excitement around it because markets are not responding at all. All rallies are being sold & that is what is keeping everyone on the edge. Market bottoms are not created in a single day – it is slow grinding process which isn’t easy at all. But it is the pain before gain which helps to create wealth over a period of time.

Our technical view remains if Nifty fails to hold 15400 on closing basis, chances of breaching 15000 would increase. Broader markets are relatively better but few sectors like metals took the hit. Some outperforming sectors are autos, capital goods & industrials.

Studying many companies without worrying about daily moves.

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Joined: June 20th, 2022
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