NIFTY50 - AN INGISHT FOR INVESTORSSymbol - NIFTY50
CMP 25305
If you are a long term investor, one thing that will help you to decide when to invest - Nifty monthly RSI.
As and when RSI moved above 80, markets uniformly correctly (around 20% usually) & as and when RSI came below 40 level, markets uniformly rallied.
Now RSI is at 82
Fundamentals are also showing that overall market is modestly overvalued.
What you want to do or should you be worried ?
tell me in comments below.
P.S. : I'm out of all longs & have entered shorts.
Short