Sunday, April 3, 2011

Sustained up move in Nifty

With gains on eight consecutive trading days, the Nifty has come up all the way from 5350 to 5850 - almost 500 points. That's a lot for the Index, any Index.
So, what's the way ahead?
The short term view: follow the momentum. Markets are in a strong uptrend, go witht he flow, buy dips, buy consolidation.
The long term view: India is in a secular bull market. I expect higher levels, five years from now. So, buying on significant corrections is the approach for the long term investor.
Joker in the pack: The intermediate trend is down. We had a rally from 2200 to 6340. This rally MUST correct. All markets correct, it is just a question of When?

2 comments:

pooja said...

Sir, nifty support levle ?
example : if nifty support is 5850 some time , brack this levle after 5 to 10 min abbove this 5850 levle , so i am nifty trader how much time i am wait ??? after brack support levle /
same Qu in Res..

men said...

To what levels should one be mentally prepared? suggest some good stocks/sectors.
Thanks,