There are two views :-
Looks like we are in last phase of the bull market and end is near, about couple of months away from the completion of 5 wave structure started in Feb 2016.
So 2019 will be year of correction / consolidation. Unless 10004 is taken out in coming month, in that case structure is already complete and we are in correction which will be deep and pain full.
From structure it dose not appear to me that structure is complete and Nifty is in deep correction. I hope 10004 will not be violated in Jan and Feb, leading to completion of the structure. This will be fallowed in March and April by correction and that correction will last for 12 months or so, but will appear as long term consolidation few years down the line.
Post correction, which will be toward end of 2019 or early 2020 investors will have to choose good stocks and hold for 5 years for super returns(life time opportunity ) , one can look at buying large cap mutual funds post correction. But At this point it is time for preserving capital
Looks like we are in last phase of the bull market and end is near, about couple of months away from the completion of 5 wave structure started in Feb 2016.
So 2019 will be year of correction / consolidation. Unless 10004 is taken out in coming month, in that case structure is already complete and we are in correction which will be deep and pain full.
From structure it dose not appear to me that structure is complete and Nifty is in deep correction. I hope 10004 will not be violated in Jan and Feb, leading to completion of the structure. This will be fallowed in March and April by correction and that correction will last for 12 months or so, but will appear as long term consolidation few years down the line.
Post correction, which will be toward end of 2019 or early 2020 investors will have to choose good stocks and hold for 5 years for super returns(life time opportunity ) , one can look at buying large cap mutual funds post correction. But At this point it is time for preserving capital