If Nifty crosses 10860 then the big daddies sitting on top will move to higher level to kick it down say the level of 10840 (To adjust options and mass psychology). the Retailers who are long will buy put to hedge because they are weak. The play will continue till Nifty reaches new high. Once it reaches new high (most probably by 1st weak of July), then it will increase another 10% effortlessly irrespective of internal political climaxes / news of state or central election by December 2019. I dream of Nifty at 13800 (at least) on the day of general election of 2019. Everything as stated above are possible due to following paths.
1. Stock like SBI has been awarded as buy by many foreign brokers.
2. All Infrastructure stocks and related industries especially cement have not been participated over many years.
3. The pharmaceutical /health care sector is growing up. The bull run has started now and whoever is participating most probably will not burn their fingers.
4.The oil and gas sectors, and stock like ITC are used for managing Nifty; truly they have not participated and are in their bottom range.
5. The IT index is yet to cross 15000. More steam is left.
6. Private sector banks has not shown any tendency to go down except reacted with some news based noises.
7.Irrespective of their status Indian rating agencies demand that NPA of banks probably will be topped at 11.5% by 2019. Though there is no definite indicator about future good performance of PSU banks but it is expected that there will be some restriction within bankers to disappoint more.
8. Automotive stocks like Bajaj, or Tatamotors have not been participated so far though the former has enough potential to participate.And may be one of the best automotive stocks now for Investor.
9. Trump will try maximum to keep Dow or SP up, like Government of India will try to hold Nifty.
10. Poor will remain poor but rich will be richer and money will flow in market. Last month MF flow is very good. FD rates will not harden enough to be lucrative again.
11. This will continue till next general election. (As long as global market remains of steady)
12.However retailers like me will loose who doesn't have believe in themselves, always look at screen tick by tick, they think too much and unfortunately believe in others.
13. Technicals matter. But transiently for Nifty. Simply looking at Nifty chart might not give us correct extrapolation. We need to assimilate individual Nifty contributor in that chart, which is very difficult task to do. It is better stop looking at resistance level for NIFTY on day to day basis..
14. Those are purely my personal thoughts and I respect each chartist in this platform for his or her ideas, though I beg to differ in many a times and mostly things happened those I thought.
1. Stock like SBI has been awarded as buy by many foreign brokers.
2. All Infrastructure stocks and related industries especially cement have not been participated over many years.
3. The pharmaceutical /health care sector is growing up. The bull run has started now and whoever is participating most probably will not burn their fingers.
4.The oil and gas sectors, and stock like ITC are used for managing Nifty; truly they have not participated and are in their bottom range.
5. The IT index is yet to cross 15000. More steam is left.
6. Private sector banks has not shown any tendency to go down except reacted with some news based noises.
7.Irrespective of their status Indian rating agencies demand that NPA of banks probably will be topped at 11.5% by 2019. Though there is no definite indicator about future good performance of PSU banks but it is expected that there will be some restriction within bankers to disappoint more.
8. Automotive stocks like Bajaj, or Tatamotors have not been participated so far though the former has enough potential to participate.And may be one of the best automotive stocks now for Investor.
9. Trump will try maximum to keep Dow or SP up, like Government of India will try to hold Nifty.
10. Poor will remain poor but rich will be richer and money will flow in market. Last month MF flow is very good. FD rates will not harden enough to be lucrative again.
11. This will continue till next general election. (As long as global market remains of steady)
12.However retailers like me will loose who doesn't have believe in themselves, always look at screen tick by tick, they think too much and unfortunately believe in others.
13. Technicals matter. But transiently for Nifty. Simply looking at Nifty chart might not give us correct extrapolation. We need to assimilate individual Nifty contributor in that chart, which is very difficult task to do. It is better stop looking at resistance level for NIFTY on day to day basis..
14. Those are purely my personal thoughts and I respect each chartist in this platform for his or her ideas, though I beg to differ in many a times and mostly things happened those I thought.