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 !!!
