The Earnings Season is largely over, Geopolitical conflicts and Rate Hikes by Central Banks all over seems to be priced in – How does it get any better than this??
When the going gets good (very good in the case of our markets right now), the Bulls and the Baby Bulls (nee the Retail Investors) get complacent – Old Market Saying.
For us, it’s time to be cautious on the Index front.
In a truncated trading week followed by a long weekend – expect the markets to consolidate in the range of 17228-17605/37500-38500.
Our trading positions are now a mix of Hedged NIFTY Shorts and Stock Specific Longs.
The BANKNIFTY looks ready to take a long break from its recent outperformance and hence our nil trading position there.
8 Aug 22
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