Nifty: Bull market aeging, could lose steam from here !!The only train you should jump off when it's going at full speed, and not when it's slowing down, is a raging bull market Train.
lndian equity markets have had a good run in 2023 and 2024 but now could lose stream for a temporary period.
In a Bull market,
Ideally a "Horse" should be used as an indicator of the rally seen in the markets as it can run long distances at a fast pace.
A "Bull", he can at best do a short sprint and needs occasional breaks/pauses to catch is breath before charging again.
Now a consensus opinion is that market will give breakout on upside but as per my limited study, now its time to book profits on portfolio, create liquidity as it can give breakout on downside as per advanced patterns, market will again give opportunity at lower levels.
A 8-10% correction will be healthy for the upcoming bull run and the Market Breadth, correction can either start from may or after election outcome but its imminent.
