Investor, Trader & a Stock Market Enthusiast. Guest Journalist at @GoNews_India Not SEBI Regd. | No paid service | No workshops | No telegram nonsense!
India
Joined December 2012
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A great rally done in Nifty now for further indication wait for Mid-Term election results in USA - further bullish momentum expected only above 23200 otherwise we might see another wave of sell-off - stay cautious again as BRENT has gone up.
No one will be able to figure out the exact bottom, if one has the stomach to take a maximum hit of 1000 points from here at 22350 safe to long on stocks and ETFs - yes in our view that is the maximum downside left till say 21500 or so - personally feel this is the bottom but my feeling will not dictate terms so naturally saying can start to go bullish but keep blood pressure pills nearby.
I bought Equitas Small Fin Bank 50.00 with SL 49.00
I think hell lot of over-reaction in stock can rebound.
Lovely bounce in Indian IT.
22350 to 23000/- Nifty this view rocked.
No one will be able to figure out the exact bottom, if one has the stomach to take a maximum hit of 1000 points from here at 22350 safe to long on stocks and ETFs - yes in our view that is the maximum downside left till say 21500 or so - personally feel this is the bottom but my feeling will not dictate terms so naturally saying can start to go bullish but keep blood pressure pills nearby.
Market is finally starting to show inverse watermelon pattern - Red on the outside but Deep Green inside!
Indigo will report results today - would be very interesting to watch the commentary given Crude has been high, expecting very negative commentary.