dvpk1968

NIFTY Long Term View

Long
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.