On 17th June, we made this post public. It was clearly mentioned as a buying opportunity. S&P500 made a low of 3639. On 24 June, S&P500 is trading at 3815. We had a clear buying conviction while the news was full of negativity.
UPDATE: S&P500 (Fut) closes at 3914.75 on 24 June 2022.
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View on US Stocks:
In the previous session, the stock market behaved positively but had some volatility throughout the session. S&P500 made a low of 3743 & closed at 3795. DOW closed at 30677 and NASDAQ closed at 11697 while RUSSELL closed at 1710.
The market may continue its positive trajectory for the day but with a mix of volatility. Towards closing, some profit booking is possible. From next week, metal, banking, finance & communication stocks will find support with the transition of Mars. S&P500 closed above 3750 for two consecutive sessions.
S&P500 may cross the 4000-mark. NASDAQ is ready for the 12k-mark.
Monthly expiry for Nifty could be 16,000+.
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