Congrats to Team India, We are Proud of You !
Shall We Expect a Euphoric Gap Up Open Too ?
- Team India and it's captain rose to the expectations of every Indian over the weekend to regain the Cricket World Cup for the second time in history.
- moemtumsignal.blogspot.com too is joining the celebrations by going in for a hastily done theme color change of the blog. Hats off to the men in blue !
- Now the question is : Will the Indian stock market too move out from a phase of recent under performance to out performance ? ( This blogger is not talking about the past week's rally but about the under performance which has been there for the past four months or so. )
- It is said that soccer world cup wins are associated with out-performance or better economic conditions in the winning countries, in the short to medium term. Unfortunately, it is not known whether any similar betterment of economic conditions can be expected after cricket world cup wins.
- Then the next question is : Shall we at least expect a euphoric gap up open on Monday ?
- The answer seems to an yes due to the positive closes achieved by most other stock markets on Friday. However, stock market is not a place where euphoria is beneficial to any one!
Nifty Futures - Intra-day Chart
