♨️NIFTY AT CRUCIAL LEVEL.
IF WE CROSS 10890 &If STUTAIN FOR A DAY OR TWO ABOVE THOSE LEVELS THAN CAN EXPECT 11111/11200 🔜🔜🔜
♨️ Bank Nifty close above 27160 Than can Test 28000 also.
♨️In 2018 Budget we had predicted limited upside from 11000 levels & had suggested to book profits at higher levels and than Nifty had corrected Till 9950
♨️No negative news flow visible as of now on Domestic aspect.All News flow priced in at current levels.Major threat was Rising dollar & Crude which has correct.Global cues to be watched carefully.
♨️ALL Data suggesting Bullish view But Technically we can see resistance 10890/10950 Above that 11111/11200/11400 possible on Nifty.
♨️From Resistance Level markets can move either side as its taking pause.But Say If market had to correct ,Correction would be Major Index based only
♨️As Many Quality Midcaps are trading at Attractive valuation.
♨️On Other side If Nifty moves towards 11000+ Than we can see Good Rally in Quality Midcaps & Than we can hit correction May be by Mid Jan or By Jan End or around Budget period.
♨️Currently looking at scenerio it seems second half of 2019 would be Most rewarding in terms of Index and stock specific moves also.
♨️There is always Trading opportunity when markets are in panic mode.
♨️Currently one should book profits at per Risk at Higher levels and wait patiently to Add Quality stocks in Downfall or panic or correction.
♨️Currently Upside is capped at 11250 and on Higher Side max 11550. There would be pre budget rally and sector specific moves as usual to continue in Education,Fertlizer,Railway and defence sector.All these are just trading bets around budget have not created huge wealth.
♨️We can see New Highs in Nifty and Sensex only after 2019 elections only.
♨️Nifty to be in broad trading range of 10000 points say 10300-11400.
Disc – All Views expressed are for Educational and study purpose only. Consult your financial advisor before investing. All views are personal.