Nifty weekly commentary by Kiran * Bubble rally* WEEK 20 Long

Nifty 50 IndexNSE

Description

⋅ Jan 9, 2021 12:30 PM

Hi friends,

2 months back itself I called this rally as bubble rally when nifty is still hovering around 12500. We are now in midst of it.

I also called JERK for one day four weeks back. Exactly on December 21st there is crash of 3 percent.

WHAT IS LEFT ON PLATE TO EAT in this rally.

We will get one more Jerk in coming two weeks because of new strain of corona virus from USA.

Grab that opportunity

I will go with option 2 which is BUY AND HOLD.

YOUR HUMBLE TRADER
Kiran

Comments

amendse

⋅ Jan 11, 2021 6:58 AM

It is liquidity driven rally no one will tell when it will crash. But it is sure when ever it happen, it will be big pain.

KiranSunku2016

⋅ Jan 11, 2021 11:23 AM

@amendse, of course, no one will pinpoint the top, but technical analysis will help to avoid big pain.

ckirtane

⋅ Jan 10, 2021 10:40 AM

how much point crash do you expect-500/700/1000 points? you are going to buy this crash ,so how big rally is pending after this crash?

KiranSunku2016

⋅ Jan 11, 2021 3:05 AM

@ckirtane, dont expect 1000 point crash at this point of time. it is possible to see maximum 700 points down. i can see still nifty can go up to 1000 to 1500 points from previous close.