Nifty Weekly Metldown started
As per weekly chart of Nifty, it looks bearish for next 8 months, any bounch back from 23800 or 24000 will be a short term trend changed, however, one can start investing in staggered manner in Good Fundamental companies or option buyer can take position in monthly call and puts. Its good for investor to invest through Mutual Funds in short blast SIP when Nifty will be in panic in coming weeks. Upper Resistance 26000 and weekly support coming at 21000 around.
Healthy correction is always good for the stock market.
Healthy correction is always good for the stock market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.