Market on Jan 3, 2025

Daily Journal: US markets had a weak session yesterday. All the 3 indices closed in red. Futures are trading in green. 10Y Bond Yield is stable at 4.5%. Brent Oil is at 76$. Dollar Index crosses 109. This is concerning. Most of the asian markets are positive. Global cues are slightly positive today. Nifty took support and gave a good bounce from 50WEMA zone yesterday. Now 24250 zone will act as a strong resistance. If zone is decisively broken, then we can expect a good up move. We continue to accumulate same and new stocks in this consolidation phase and preparing our portfolio for the next up move. Major reshuffling will happen as Q3 results come out. Still invested more than 90%. Let’s hope for the best.