Market on Dec 17, 2024

Daily Journal: Fed Meeting begins today. 25bps rate cut is expected this time. US markets had a mixed session yesterday. Dow closed in red. Nasdaq in green. Futures are trading flat. 10Y Bond Yield is at 4.3%. Brent Oil is at 73$. Dollar Index above 106. Asian Markets are mixed. Consider global cues as neutral for today. Consolidation is happening in Nifty. There is high volatility at the index level due to algo trading. Tough times for retail traders. But as investors these wild moves are giving us buying opportunities. Keep accumulating on every dip. You will cherish the gains very soon. I stick to my view that we will see a new all time high in 2025. Hopefully in H1 itself.