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World Indices setup for 2024
AEX – Netherlands
ASX All – Australia
ASX 200 – Australia
Cac 40 – France
Ftse MIB – Italy
UK
Canada
Spain
WIG 20 – Poland
Bovespa – Brazil
Mexico
Indonesia
Pakistan
Nikkei 225 – Japan
Dow Jones – USA
Nasdaq 100 – USA
Russel 2000 – USA
S&P 500 – USA
Shangai Composite – China
Dollar Index (DXY)
Nifty 50 – India
Conclusion
Global stock markets are close to reaching new all-time highs after a period of long consolidation, suggesting a setup for a positive trend in 2024.
The recent pause in rising interest rates and the expectation of a soft landing indicate a favorable environment for ongoing growth and receding inflationary trends
A Bull Market now or after some consolidation is imminent for Indian markets given the global setup
However, we should be a bit cautious regarding global issues like any geo-political or ongoing war situation that could change the situation.
Keeping an eye on the above charts, one should continually monitor how does things progress !!!
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