Major profit booking expected at 10700-800 which is expected to drag the index to 10000 range
Comment:
When the things are normal, on a medium term of approx 1-2 YEARS, NIFTY expected to reach a level of 13,800-14,500. In between, as everyone knows, lot of ups/downs are expected and reasons can be anything :-) . On a Long term of 5-8 years, one can expect the same index to trade around 18k.
Reason behind is logical, the index heavy weight RIL already recovered its lost value and expected to move more, the majority of the rest in the league are down by approx 15-55pct, and taking into account the money value depreciation.
Disclaimer : The above is just an idea/my view about the market. Kindly do study on your own and make your own judgement for making any investment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Reason behind is logical, the index heavy weight RIL already recovered its lost value and expected to move more, the majority of the rest in the league are down by approx 15-55pct, and taking into account the money value depreciation.
Disclaimer : The above is just an idea/my view about the market. Kindly do study on your own and make your own judgement for making any investment.