Nifty View.
Nifty has been highly volatile from past sessions, and will be for few more days. Commodities super cycle beginning, that causes rise in commodities and basic raw materials aswell which effects into high inflation.
Well india has been managing its Gdp and Nominal Gdp altogether differently from other countries. Central Bank has not changed the rates...
I would like to emphasize that this chart shows why one should be long on NIFTY50 , over BTC/USD.
well that doesn't mean that one should short BTC , as cryptos are much volatile this pattern can reverse itself in no time .
These are my personal opinion and perspective , could be wrong or right. do your own research and analysis before taking any new position.
Based on technical analysis, price is looking forward for more upper levels , many previous fakeouts were there before .
Fundamentally a strony company having good ROE, good results were posted , high growth , new projects and Npv of future cashflow looks promising.
Naukri (infoedge) looking forward for a potential breakout . My target for time being is 5000/5300
With sl to the support line.
Fundamentally company is strong and the whole IT sector rally could be soon.
