👉Nifty Trading at Upper band of the Range. Our range for Nifty for April series was 10200 To 10500. As Nifty Managed To Cross many hurdles with all wall of worries. We see Nifty Trading at Higher Levels in next few months.
👉Support Levels has been shifted upwards now from previous levels of 10275/10200. Bulls no need to worries till Nifty Trading Above 10300.It would be difficult to cross 10640/10700 in short run.But markets are supreme.Above that we would come in new range and can see 10800-900 kind of levels also but only if we manage to cross 10640 for few days.
👉When nifty was trading at sub 10000 levels we told all events are forgotten by Market sooner or later. Markets has again proved that. Markets has moved ahead forgetting Trade war & Mr. Trump fear and concentrated on Earnings & Growth.and today Nifty Trading close to 10564 Levels.
👉We suggested to be more stock specific and that has given very good Returns in short term. Many of our Stocks Like BEPL,Ajmera Realty,Tinplate,FSL, TCS To Name a few gave 20% To 41% Returns in just 15 To 20 Days. Buying Right stocks at Right Price when you see value would always reward investors.
👉We feel volatility to increase going forward.Investor with medium term view should trail profits. Locking profits most important in markets.
👉Rising crude & Dollar can drag the Markets going forward. We expect profit booking at higher levels. There would be buying support at lower levels.
👉Pharma & IT Looking good for investment for 2 to 3 years. India’s consumption story would get stronger in coming few years as Economy is on recovery Path.
👉Dont miss to read one of our old article we see NIFTY @ 13000👇👇Link👇👇
https://wealthcreatures.com/2018/03/10/is-this-right-time-to-buy-in-equities-we-see-nifty-13000/
👉All Views expresses are personal & For Study purpose only. Consult your financial advisor before taking anyposition.
WealthCreatures 