Editors Take: Global sentiments positive, INVESTORS should not worry but trade cautiously, says Anil Singhvi
In a special segment of Editors Take, Zee Business Managing Editor Anil Singhvi on Friday pointed out that global cues are positive, and the markets are still following the range-bound trend, suggesting to sell beyond 15800-level and buy below 15700-mark.
In a special segment of Editor’s Take, Zee Business Managing Editor Anil Singhvi on Friday pointed out that global cues are positive, and the markets are still following the range-bound trend, suggesting to sell beyond 15800-level and buy below 15700-mark.
He explains, the market generally trades either into volatility or range-bound, and US markets are entering into volatility after a brief range-bound trading after the US markets on Thursday hit a new record high. However, Dow Futures are negative amid weak after-market results of Amazon.
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Indian markets don’t get much impacted by Hong Kong or China markets but other Asian markets such as Nikkei do make an impact, which is a reflection of Dow Futures today, says Singhvi.
The Managing Editor said global sentiment is in line with each other, and he is quite positive seeing the US markets touching fresh life high. He assures that the global cues are good and there is nothing to worry about, however, suggests trading cautiously on the back of Amazon's weak numbers.
Singhvi before concluding mentions, date, day, series might have changed but the trend of range-bound trading remains intact within the market.
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