Is it the beginning of an end?

In the week gone by, Nifty snapped its eight-week winning stretch and most importantly, ended Friday’s session on a dreadful note.

The big question, after the sharp sell-off from the magical Nifty 25000 mark:

Does Friday’s panic at Dalal Street indicate a beginning of the end?

The negative catalysts on the horizon:

• US recession fears re-emerged on weak US manufacturing data.

• US July jobs report triggered more fears about an economic downturn. (US Nonfarm Payrolls rose by 114,000 in July vs. 175,000 forecast. The Unemployment Rate climbed to 4.3% from 4.1% in June).

• Geopolitical Tensions.

• As of now, no major positive surprises from Corporate India Q1 June earnings.

• Infosys shares fall 3% amid GST notice. (Karnataka State authorities had however retracted a GST notice demanding Rs 32,403 crore in GST payments).

• Overbought technical conditions.

Stay tuned…

DISCLAIMER

SEBI study dated January 25, 2023 on ‘Analysis of Profit & Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment’ wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

*RISK DISCLOSURES ON DERIVATIVES:*

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

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This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.

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