MSCI(Morgan Stanley Composite Index )is about to be redefined.
EM(emerging Markets) to DM(Developed Markets).
We at wiTdom expect fresh ETF(Exchange traded fund) money buying into Indian equities.
Gush of liquidity is favoring bulls right now. We expects 400 Billion Dollars of fresh fund to be moving around the world chasing various asset classes .So its cheap money which is creating fresh up move within Indian markets.
New bull case scenario for the bulls is that if Nifty crosses 6138 then it’s expected to cross 6300 in near term.
wiTdom investment advisory