Indice NIFTY 50Long
Nifty is close to Bottom!!!
In my view Nifty is close to Bottom around 23K or we are headed for a structural bear market with targets of 18K or so.....and I don't believe the second is possible given that we are in good shape as an economy.
My hypothesis - dooms day isn't around:
- at around 23200 there is a double bottom pattern and markets could rebound from here
- In my view there is a head shoulder pattern visible on Nifty and the neck line is around 23K and if this is broken then the downside is all the way down to sub 20K - which is a doom's day scenario and that won't happen
- Like I mentioned before very bullish on RIL and IT sector to ensure we don't go into dooms day!!
Fingers crossed and I think its time to start deploying if you are in cash!!
My hypothesis - dooms day isn't around:
- at around 23200 there is a double bottom pattern and markets could rebound from here
- In my view there is a head shoulder pattern visible on Nifty and the neck line is around 23K and if this is broken then the downside is all the way down to sub 20K - which is a doom's day scenario and that won't happen
- Like I mentioned before very bullish on RIL and IT sector to ensure we don't go into dooms day!!
Fingers crossed and I think its time to start deploying if you are in cash!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.