Most of the people are confused at this juncture on the direction of index.
Last week what happened was a flash flood or tsunami. It came, devastated and disappeared. Now everyone is waiting for another tidal effect.
Because of last week effect we have to view index in a very broader perspective. Now Nifty range should be 10300-11200. Bank Nifty should be 25000-27500.
Since we have received the correction message in the beginning of the year, the nifty growth should be roughly less than 10% this year. I restrict my upper band for nifty to 11400 and bnf 28000 for the next 3 months. On the lower side 9200/22000.
Look for more surfing in the month of March. Market cannot move one side hereafter.
Last week what happened was a flash flood or tsunami. It came, devastated and disappeared. Now everyone is waiting for another tidal effect.
Because of last week effect we have to view index in a very broader perspective. Now Nifty range should be 10300-11200. Bank Nifty should be 25000-27500.
Since we have received the correction message in the beginning of the year, the nifty growth should be roughly less than 10% this year. I restrict my upper band for nifty to 11400 and bnf 28000 for the next 3 months. On the lower side 9200/22000.
Look for more surfing in the month of March. Market cannot move one side hereafter.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.