dvpk1968
Long

NIFTY Long Term View

NSE:NIFTY   Nifty 50 Index
1. Nifty for over 10 years trading with in the channel. whenever it got slightly extended either above or below, then it has been pulled back towards the centre of the channel. As long as this trend is intact, which is going to be the likely case, then currently markets are in the correction mode and by the end of the year to March 2019 it will reach 9300 - 9000 odd levels
2. 9300 - 9000 levels are going to be a good investment level for longterm investers.
3. Once after testing the 9300 - 9000 levels it will take another start another round of rally towards 13000 - 14000 by 2020 - 2021.

The only thing that can derail this trend is a MAJOR even happening globally which can break the 10+year long trend to different direction

Do let me know your comments on this

Comments

I concur with your view..

 
Reply
Agree and market has started correcting.With upcoming elections (Karnataka followed by other states finally concluding with parliament elections) will ensure the markets to correct itself to 9300 - 9000 levels. Growth story for India seems to be in tact. For me long term view is still bullish and it can easily touch 13000 - 14000 by year 2020/21
Reply
seems probable,although I am a fundamental investor,but I find this market overvalued and one huge pullback seems overdue.
Reply
good analysis
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out