As per my analysis nifty have closed on daily candle below a crucial support of 9119 further down move is expected by 10% (8100).
at that level nifty P/E will be around 18 which is considered good as investment perspective (more than 2 years).
if on closing basis nifty recovers and closed above 9120 it may consolidate between 10000 and 9000 levels.
for novice investor they should start investing in niftyetf or passive mutual funds.
Disclaimer:
I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
at that level nifty P/E will be around 18 which is considered good as investment perspective (more than 2 years).
if on closing basis nifty recovers and closed above 9120 it may consolidate between 10000 and 9000 levels.
for novice investor they should start investing in niftyetf or passive mutual funds.
Disclaimer:
I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
Trade closed: target reached:
made a bounce from below 8100 but no one can give exact number
