Despite we are facing lockdown and our condition becoming worse nifty howering between 14000-15000. I am looking to create long position what's your opinion sir , what will you suggest ? I am ready to wait for opportunities
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@exactingEggs993, market pre anticipating that corona will peak out soon and things become normal ,and discounting the present situation ,What can be the negative trigger is
1) fresh moretorium
2) corporate tax
3) privatisation
4) further quantitative easing
5) Bad results from auto stocks
6) GDP growth outlook
7) Inflation
I think going long on nifty from now will be a less risk to reward situation, as the nifty looks very streched on weekly time frame , and is in a sideways trend which can be break down and trigger a panic selling