Dear Friends,
I have started recommending stocks from last on month and most of the stocks have done well due to decent run in broader markets. It's time for broader market to cool down before starting the next leg of rally. So, my view on index is -ve from here and market may correct 400-500 points(NIFTY) from here. To save our capital and profit, it is wise decision to book profit and wait for some correction to enter into fresh stocks.
It is my view but everyone know that market is supreme and my prediction may go wrong.
Technical Aspect:
Nifty has given a huge run up after crossing the last corona top, up almost 10-12%. If we see the monthly chart, currently nifty at resistance level and either consolidate from here followed by correction or we will see fall from next week onwards. The other parameter is, BB which is showing that everything it crossed the upper line, it corrects from there, same can be back-tested easily from nifty historical patterns.
Once the market will settle down, i'll start recommending the stocks again.
Happy Investing!
I have started recommending stocks from last on month and most of the stocks have done well due to decent run in broader markets. It's time for broader market to cool down before starting the next leg of rally. So, my view on index is -ve from here and market may correct 400-500 points(NIFTY) from here. To save our capital and profit, it is wise decision to book profit and wait for some correction to enter into fresh stocks.
It is my view but everyone know that market is supreme and my prediction may go wrong.
Technical Aspect:
Nifty has given a huge run up after crossing the last corona top, up almost 10-12%. If we see the monthly chart, currently nifty at resistance level and either consolidate from here followed by correction or we will see fall from next week onwards. The other parameter is, BB which is showing that everything it crossed the upper line, it corrects from there, same can be back-tested easily from nifty historical patterns.
Once the market will settle down, i'll start recommending the stocks again.
Happy Investing!