With all the drama and new consequences coming out daily from Resorts to Buses to Poaching to 100 Crores, now with Resignation of Mr B S Yeddurapa , the Chief Minister of Karnataka State, within 2 and half days , and formation of new Govt By JDS and Congress alliance, the stock market will have tough time to digest all the news at one go today when it opens in around 8 hours time from writing of this post.
Markets were upbeat as they along with exit polls gave thumbs up to BJP govt formation in Karnataka State, but all fizzled out in the same week with midcaps and small caps taking beating and heavy selling by FII due to lowering of INR against USD and rising oil prices.
Hence, our take is that on Monday 21st May 2018 stock market shall fall in the range of 1 to 1.5% especially mid and small caps will bear the brunt of lack of govt formation by BJP in Karnataka.
Hence, investors should presently avoid taking positions in mid and small caps and wait for correction at least 10% in those stocks then start buying.
Keep visiting my blog www.apnapaisa.blogspot.com for updates and tips of stock market and how to earn maximum from lesser risk in stock market,
Next post will give suggestion for some good midcap stocks which will give good returns in coming days.
For any ideas and suggestions do post your queries in comment section or you can personally email to me at ashish.khiladi@gmail.com
Markets were upbeat as they along with exit polls gave thumbs up to BJP govt formation in Karnataka State, but all fizzled out in the same week with midcaps and small caps taking beating and heavy selling by FII due to lowering of INR against USD and rising oil prices.
Hence, our take is that on Monday 21st May 2018 stock market shall fall in the range of 1 to 1.5% especially mid and small caps will bear the brunt of lack of govt formation by BJP in Karnataka.
Hence, investors should presently avoid taking positions in mid and small caps and wait for correction at least 10% in those stocks then start buying.
Keep visiting my blog www.apnapaisa.blogspot.com for updates and tips of stock market and how to earn maximum from lesser risk in stock market,
Next post will give suggestion for some good midcap stocks which will give good returns in coming days.
For any ideas and suggestions do post your queries in comment section or you can personally email to me at ashish.khiladi@gmail.com
