nifty will it reverse from here, a bit of correction?
look for reversal in icici pru life , on bullish bat pattern
accumulate gradually, can see good reversal from these levels
with strong sentiment in nifty, likely that emami will burst upwords.
pharma sector is a under performer since 2015. the most secure sector came into the grasp of policy makers. traditionally pharma out perform when nifty is down, but this time will it be as usual ?
along with nifty there will be fall in bank nifty also. news come and influence the markets after conformations of technical indicate. geoplitical tension is just for saying, chart has indicated it earlier. BUT HOLD ON 21500 TO 22000 CAN BE THE RIGHT OPPORTUNITY TO BUY IN BANKS FOR 26500. this is so simple hope it comes out true.
crossing of nifty bellow monthly average, overbought conditions, ending of long rally in up word direction without significant correction all these factors will make nifty to correct sharply till 9000 to 9100 till Oct or November is my vision.
can nifty cross above 8900, if it can cross and maintain above this level it will be a start or new uptrend, or it will consolidate at this levels
nifty on verge of make or break can it cross the level of 8900, after crossing there will be good up move. or it will consolidate at the same level