long term view on the market
This is to tell the long term view on the Market. I think we are near the peak of the melt up. Though it is hard to exactly time the market, I think the risk to reward is not worth investing in the market.
However this could be the best opportunity to trade the NIFTY for short term gains. It may take some time before we see something definite happening. In 2008 crash, after the price broken the long term trend line, it took 4 months to see any major correction. So from that history, we see another 2 or 3 months before any sign of crash.
Meanwhile this will give a massive opportunity for short term traders to catch the highs. NIFTY may continue to make new high for next few weeks.
Although I am not investing, I think its better to watch out for specific stocks for value picks.
All these are my personal thoughts & how I am trading. Please do your own research before investing / trading the market.
However this could be the best opportunity to trade the NIFTY for short term gains. It may take some time before we see something definite happening. In 2008 crash, after the price broken the long term trend line, it took 4 months to see any major correction. So from that history, we see another 2 or 3 months before any sign of crash.
Meanwhile this will give a massive opportunity for short term traders to catch the highs. NIFTY may continue to make new high for next few weeks.
Although I am not investing, I think its better to watch out for specific stocks for value picks.
All these are my personal thoughts & how I am trading. Please do your own research before investing / trading the market.
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