Nifty to remain sideways to mildly Bullish from now on
We need to curb our upside expectations from Nifty Index.
The only stocks that I foresee moving up from now on the upside are -
1. HDFC Bank
2. ITC
3. LT
4. Axis Bank
The other 6 names from the 10 heavyweights have moved significantly and will mostly continue to remain sideways.
Hence, overall I foresee Nifty to be sideways to mildly Bullish.
It is best to be extremely selective of trades and not to follow the Buy on Dip approach anymore.
The only stocks that I foresee moving up from now on the upside are -
1. HDFC Bank
2. ITC
3. LT
4. Axis Bank
The other 6 names from the 10 heavyweights have moved significantly and will mostly continue to remain sideways.
Hence, overall I foresee Nifty to be sideways to mildly Bullish.
It is best to be extremely selective of trades and not to follow the Buy on Dip approach anymore.
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.
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.