Nifty may correct from 11350-11475 range

NSE:NIFTY   Nifty 50 Index
Chart shows nifty is in highly overbought zone


seems like never ending rally.. never seen that kind of money pouring and bullishness, really don't know how long it will remain in this trajectory and how to react... seeing market since 2005.
skav71 investmentideashuvo
@investmentideashuvo, Thank You. At least someone said this. Market made new Highs when mostly WORLD was locked down. I haven't heard any of fundamental experts explain this. It like (in hindi) "Bhaiya thoda aur dalo..." kind. PE at its 5 years high and highest. Are we on verge of Wealth Destruction??? Hope for the good to come.
+1 Reply
@skav71, I agree with the word "Wealth Destruction", The fall will be catastrophic
+1 Reply
Kakerot vipuls1979
@vipuls1979, hahaha you can dream on for the fall, the only correction till 2022 until FED changes rates of interest until then for FII only stocks will earn them. not keeping money in banks or other places. stocks have doubled and tripled and more if you're in the stocks that didn't participate in the rally then you're in SHIT stocks
vipuls1979 Kakerot
@Kakerot, I am on cash after selling my stocks when NIFTY hit 12500, I don't buy a liquidity driven rally with 0 fundamentals
I am a pure fundamental person, investors hoping growth will come but even at this price, any of NIFTY 50 stocks, growth has to be 20% YoY to justify the valuations
Its better to stay on cash & watch as a silent spectator
psuresh629 investmentideashuvo
@skav71 They are same FIIs who sold in March 65,000cr, and bought in @60,000cr in Nov, they totally made them stocks profitable, investors r still holding theirs portfolio in loss.
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