Market on Dec 30, 2024

Daily Journal: US markets had a weak session on Friday. Futures are also trading in red. US 10Y Bond Yield is at 4.6%. Brent Oil is at 73$. Dollar index is above 107. Asian Markets are mixed. Consider global cues as weak. The volumes will continue to be low due to the holiday season. Indian markets will continue remain in consolidation phase. 23250 is the support zone and 24400 is the resistance zone. Markets are expected to remain in this range for some time. Use this time to accumulate good quality stocks. We can shuffle the portfolio after Q3 results. Keep some cash.