Nifty trend / Nifty prediction 6th March 19
Nifty trend today was bullish perfectly in line with our Nifty prediction but the bigger fun today was seeing some of our value picks (deep value stocks zooming higher) yes as we have been guiding here openly and saying that as of now Nifty trend is sideways (yes despite today’s move it still remains sideways) and hence it will be better to move to some other instruments our strategy has paid off handsomely. So, for instance, we bought a kesoram at 57 and today it’s at 71 that’s a 25% return in a matter of days. The same story goes for Kuantum paper which we bought at 410 and today is at 535 so that’s higher by 30% and the same story goes on for IOC which we bought at 124 and today is trading at 153 which is up by 24% and the same story goes on for Nalco which our average accumulation price is around 48 and today it’s at 58 that’s up 20% (plus there is a dividend of 4.5Rs) so that’s almost a 30% return if you take into account the dividend so that is what we have been saying that look for deep value stocks when Nifty is sideways between 11000-10600 now keep in mind that there are still some set of stocks where there is deep value is available and we see amazing returns in these set of stocks over the next few months regardless of where the Nifty goes because of multiple factors.
So that said what should traders and investors be doing now. The game is very simple in the last round when Nifty had come to 10000 levels we bought Icici Bank at 295 area and got out at 363, bought PTC @ 73 got out at 101 and similarly we did a few trades in which we made some 25-30% average return and got out and now also wherever we did see deep value we bought them and now are sitting on 25-30% returns so the game will be a trade in and trade out so keep that in mind 2019 is not a great buy and hold game because of the kind of line up of events and news flow we have. Now having said that there will be some great trades available in Nifty in the coming days so traders should look now to Nifty on what happens because we are now near the top end of the trading range around 11000 so will we make a move higher above 11000 or once again move lower that remains to be seen.
If you are only trading on the basis of this post please use your own risk management and then only trade please do not over trade and always keep your risk in check.
Good Trading to you!