Stock Markets with Anil Singhvi: US stimulus package is the trigger to watch for, says Market Guru
There are no signs of reversal emanating from the markets as yet, says Zee Business Managing Editor Anil Singhvi. Market has been soaring every week; it is not possible to move up every week. Market should consolidate in a range before moving up further. US markets always pause before moving ahead which is good for the health of the markets. Markets have hardly corrected in the past few sessions, there has been good buying on every downfall and the fall did not sustain for more than 2 days. The fall helps to take the weak participants out of the system.
Last but not the least, trigger for the US market is the stimulus package. This is indeed crucial and important to monitor not only for the US markets but also for other global markets and emerging markets like India: Zee Business