Is it the Nifty Top out?
With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs.
But does this high leads to a new high or it's a hoax.
As Considering News Factors -- Markets will be making new high.
But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government's CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 - 30 Levels. But still Indian Market is making new highs...Kind of questionable thing.
Thus, with all such factors - Nifty will be correcting very soon.
One can Short Nifty near the levels of 12200-12300.
For the targets of 11570 or more for the next year or the coming months.
with an SL of 12650-12750 levels.
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By
Market Commentary|Investiture.in
But does this high leads to a new high or it's a hoax.
As Considering News Factors -- Markets will be making new high.
But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government's CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 - 30 Levels. But still Indian Market is making new highs...Kind of questionable thing.
Thus, with all such factors - Nifty will be correcting very soon.
One can Short Nifty near the levels of 12200-12300.
For the targets of 11570 or more for the next year or the coming months.
with an SL of 12650-12750 levels.
--
By
Market Commentary|Investiture.in
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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.
Publications connexes
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.