01 Feb 2024: What happened in last 24 hrs around the world
* US FED commentary indicated rate cuts can not be expected in March and sharp sell off was seen in all sectors thereafter.
* French and German inflation data shows a fall
* Interim Budget Day in India. Being an election year, populist measures can be expected which generally impact the market in negative way.
* FIIs+DIIs Index Futures Long Positions are 25% and short positions are nearly 52% indicating they are bearish for this month. Firecrackers expected today. Any fall below the consolidation zone will be an opportunity to jump on the short side but any rise above this zone should be traded cautiously.
Happy Trading.
* US FED commentary indicated rate cuts can not be expected in March and sharp sell off was seen in all sectors thereafter.
* French and German inflation data shows a fall
* Interim Budget Day in India. Being an election year, populist measures can be expected which generally impact the market in negative way.
* FIIs+DIIs Index Futures Long Positions are 25% and short positions are nearly 52% indicating they are bearish for this month. Firecrackers expected today. Any fall below the consolidation zone will be an opportunity to jump on the short side but any rise above this zone should be traded cautiously.
Happy Trading.
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Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL