IS Nifty bullish? / Fed rate hikes,/ nifty break out

                                            Nifty probably could go down

on Thursday, Nifty was closed at 16,929 however, last couple of the days. Nifty was struggling to break the resistance of 16,800 level, but today moved to the bullish zone, so we may expect from 3 to 5 percent upward movement. despite being many economic headwinds are  revolving around into the market. 

Positive factors of Nifty

For a past two months, the crude oil prices has been coming down, softening the Dollar index, the US inflation rate has decreased on monthly basis,  and consumer durable goods sales increased at 1.9 percent which numbers has beaten the market expectation. Indian Economy is not suffered like developed countries, our GDP projection is around 7 percent, now, the Indian market is following the global stock market trend, so, positive news of the US market even reflect on the Indian market. 

Negative factors of the Nifty

The Big threat is China"s real estate market collapse,  and default mortgages would hurt very soon, almost 69 countries are not affordable to repay its external debt. Japanese high debt, supply chain crisis, and slow downing of global economic those are always hanging head on sword of the stock market. some positive news has boosted up the sentiment, but the recession is inevitable, probably the recession could start at the end of the year. in the short-term, Market is bullish, but the fear is not come to end.