NIFTY 50 Looking to Consolidate Soon

19 พ.ย. 2018

For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point.

The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets.

As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently.

Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets.

However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term.

The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact.

This is worth seriously monitoring.