Hi Friends,
In my previous post I mentioned about possible decline in Nifty to 7119 and lower. As mentioned Nifty indeed declined in 'Y' wave of the complex correction to 6869.
After testing 6869 Nifty recovered and formed Hammer candlestick pattern; which is a sign of Reversal. Nifty may have formed a Short term Bottom and a Fast & Furious Budget Rally looks on cards. If Bulls manage to cross 7191-7243 Nifty may bounce to 7554, 7604. Failure to cross 7243 may indicate one more down leg to 6839. However, downside looks limited. And a Strong Rally to 7500+ looks very likely.
The major question which arises to everyone's mind is "Whether Nifty is Forming a Long Term Bottom and the Bear Market is Over?" Currently we don't have a definite answer; however one can start accumulating Stocks now for better returns over next 2-3 years. We can say the Bear Market is over once Nifty Decisively Breaks Resistance near 7980.
Post the Budget Rally Nifty may decline again in it's final leg of Correction and test 6697, 6647 in April 2016. We need to watch price action near 7604 very carefully.
One may start accumulating Stocks now and Build a Portfolio during Feb to April 2016. It's a Once in Lifetime Opportunity to Invest in Equities. A Mother of Bull Markets is on it's way. So start Investing now.
Thanks & Regards,
Harsh Dixit.
In my previous post I mentioned about possible decline in Nifty to 7119 and lower. As mentioned Nifty indeed declined in 'Y' wave of the complex correction to 6869.
 |
| NIFTY |
The major question which arises to everyone's mind is "Whether Nifty is Forming a Long Term Bottom and the Bear Market is Over?" Currently we don't have a definite answer; however one can start accumulating Stocks now for better returns over next 2-3 years. We can say the Bear Market is over once Nifty Decisively Breaks Resistance near 7980.
Post the Budget Rally Nifty may decline again in it's final leg of Correction and test 6697, 6647 in April 2016. We need to watch price action near 7604 very carefully.
One may start accumulating Stocks now and Build a Portfolio during Feb to April 2016. It's a Once in Lifetime Opportunity to Invest in Equities. A Mother of Bull Markets is on it's way. So start Investing now.
Thanks & Regards,
Harsh Dixit.
No comments:
Post a Comment