On the macro front, the headwinds are growing, be it the surge in the bond yields, boiling crude oil prices or the INR trading above 66 vis a vis the USD. On top of that, the recently published RBI's MPC minutes seems to suggest that a rate hike is around the corner, may be as early as the second quarter of FY 19.
Technically too, the corrective move in Nifty from 9950 to 10600 is losing steam. Bank Nifty is showing signs of weakness.
I suspect that the adage, 'Sell in May n Go Away', may come true this time.
Technically too, the corrective move in Nifty from 9950 to 10600 is losing steam. Bank Nifty is showing signs of weakness.
I suspect that the adage, 'Sell in May n Go Away', may come true this time.
Oil rises on Iran concerns, US output growth caps gains Free Commodity Tips
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