Nifty Bank Index
Long

Nifty in rising triangle

113
1. short term choppiness with contraction in volatility
2. Upward Journey after the contraction in volatility.
3. Fundamentally makes sense with the expected easing of lockdown and COVID-19 pandemic slowly going away.
4. India which is mostly domestic-oriented growth will be less affected by the global slowdown.
5. With interest rates at almost 0 globally, foreign funds will have to look to emerging market equity to safeguard against inflation.
6. There is very few EM left with domestic-oriented growth. I can think of only India.

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