Market on Jan 1, 2025

Let's hope Mr Market is kind to us this year and helps us make good 💰. US markets had a weak session yesterday. All the 3 indices closed in red. Futures are also weak. US 10Y Bond Yield is at 4.5%. Brent Oil is at 74$. Dollar Index crosses 108. This is concerning. Asian markets are closed today. Overall global sentiment looks weak. The last time we saw such a spike in the Dollar Index was in 2022. Nifty was also weak around that time. I see a similar thing happening even now also. So markets may remain in consolidation. Nifty will head towards the 23250 support zone. Let's keep some cash and gradually accumulate the star performers in our portfolio. That's our strategy.