Nifty Prediction trend remains up but buying must only be done on pullbacks. Ideally selling puts whenever we get pullbacks at appropriate levels will be a good trade.
Last week we had predicted Nifty will be higher than 9000 in this week and we were bang on in our prediction. Many of you have been calling me and asking me about what to invest and where to invest and I have categorically told you buy high quality stocks because some of the stocks that we have recommended like Nestle, Divis Labs, Abbot India are now at fresh life time highs so buying such high quality stocks should be the idea where regardless of where Nifty goes we will end up making great money. Other recommended stocks also are doing great and most of the stocks are up by around 30% from recent lows anyways the point is on any dip we recommend buying high quality stocks and holding. This is a great time for building portfolio because we see a massive liquidity rally starting and we are not bearish on the markets in the near term. Sure there will be pullbacks from time to time and we are not suggesting for one minute that pullbacks wont come sure they will come but the point is to use that pullback to buy high quality stocks in delivery and hold longs.
From a trading standpoint whenever Nifty gives dips to appropriate support zones sell puts where iv’s are higher so you get the premium benefit Ideally sell 30 April Puts but selling must be done only at proper support zones not anywhere else.
Good trading to you!