NIFTY 50- Jan View
Updated
After fantastic rally of 16% from Oct Expiry till Dec Expiry, NIFTY seems taking rest. This rally is based on the news of Elections (Can't run forever), Repo rate decrease.
Jan Major Events
a) Result Season starts with IT (TCS, Infy Fall today) and Banks (2nd Half of Jan & 1st Half of Feb)
b) Budget is ahead of us
I am Neutral to Cautious on Bazaar. (No new positions on Index stocks / might book partial Profits)
Jan Major Events
a) Result Season starts with IT (TCS, Infy Fall today) and Banks (2nd Half of Jan & 1st Half of Feb)
b) Budget is ahead of us
I am Neutral to Cautious on Bazaar. (No new positions on Index stocks / might book partial Profits)
Note
Nifty successfully made Break out from 21835 Level. Next Level will be 22300 (Monthly R1) & 22850 (Monthly R2).I have changed my view to Bullish, until Nifty close below 22k. ;)
Note
x!= 83 Days. Is this 3rd wave of sell off ..? or 1st wave of sell off..?
Today Bulk Deal in HDFC Stock Happened Between BNP Paribas & Goldman Sachs (Singapore). I guess HDFC issue is solved now.
Operator Always Starts the Direction, Rally is taken by Retailers.
Lets see how Market unfolds..!!
Note
By the Way 23.8% Fibb Retracement is complete, based on the new high.When we started the chart on the beginning of Jan high was below current high.
Trade closed manually
At last Super Volatile January. Booked profit in few stocks.
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