indiamarketoutlook

Nifty @13000: Decoding the recent rally...

NSE:NIFTY   Nifty 50 Index
Nifty
13055

On 19th Nov, when Nifty saw a fall of 166 points we had suggested


In that post we had mentioned the importance of 12830-12874 zone and that is precisely the level which acted as minor resistance intraday and then the next day the same zone provided support...

See it for yourself


And this is not like when Nifty is at the crux of 13000 that we suggested that it might happen....

Technical Analysis helped us way in advance, when Nifty was around 11000 odd levels

Do see our analysis posted way back in August, 2020 and realize the true power of Technical Analysis


Feeling amazed... :-)

Invest in learning... It is analysis and knowledge that will help you in the long run...

Best wishes
Happy learning...!!!


Comments

Hi, have been following you. Great effort, so according to your analysis where is nifty heading in the near future..
Reply
@rahul5275,

Thanks Rahul for the appreciation. The view has been mentioned that I m looking for targets of 14K plus. Time frame, it could be 2-3 months...

But rather than focusing at time frame, we can look at the levels and follow the process.... We cannot time the market, but if we follow the process, a methodology, then when we can surely make the most of it, when time comes....

More so, FIIs Nifty Futures data reflects that their Long Short ratio is of 4.58::1 in F&O as of 27 November 2020. So the bias of FIIs suggest they are strongly bullish as of now. Would I like to bet against them??? Surely not at this stage.... So any dips may be looked to accumulate good stocks.

All the best
Reply
rahul5275 indiamarketoutlook
@indiamarketoutlook, thanks a lot :)
Reply
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