Market on Dec 27, 2024

Daily Journal: Today, we pray for Dr. Manmohan Singh ji and remember his contributions for building India. 💐 Everyone has his contributions in building our nation. Let’s not remember only the ones in power right now. US markets had a muted session yesterday. Futures are trading in red. 10Y Bond Yield is at 4.5%. Brent Oil is at 72$. Dollar Index is at 107. Asian Markets are mixed. Consider global cues as neutral for today. Another Doji candle above the 200DEMA. Nifty is trying to build a base at the 23700 zone. There is not much strength in the markets. But atleast this base building is healthy for the markets. 23250 is the support zone and 24400 is the resistance zone. Markets are expected to remain in this range for some time. View remains the same. But this market is giving good buying opportunity for long term investors. I am gradually deploying some capital every day.