Market Outlook April 22 | Russia Ukraine War | Dow Bottom Broken
11MO: April 22 War Inflation Elections
Russia and Ukraine war doesn't seem to cool off anytime soon. Sanctions on Russia may help Indiana companies to fill the gap, major beneficiaries would be commodities companies but there will be huge inflation pressure on all the economies which may impact markets negatively as again Interest rates are set to go up.
Q4 and Q1 Companies will see huge margin pressure resulting in lesser profits.
Dow Top 18350 Dow Bottom 16985 (recently breached).
Nifty PE 22.05 Div Yield 1.19 (25-03-2022)
View for April series is Bearish
STOCKS TO WATCH
Ltd. - Range Breakout + Sustaining above 0.5Fib level.
Buying Zone : 3080-85Rs.
Stop Loss : 2996Rs.
Target : 3290-300Rs.
Consult with your financial advisor before entering the stocks.
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