Nifty trend today / Nifty prediction today 22nd Feb 19
Nifty trend today was bullish though there was some volatility during the trading day. As per my Nifty trend analysis / Nifty Prediction we see Nifty support around 10600 and resistance around 11000 and frankly nothing changes from a positional standpoint till the time the trading range of 10600-11000 does not break with volumes. As we have been saying sure there will be some tactical trading opportunities and we have taken then and there are opportunities on portfolio side where deep value is available we have taken them also but overall from a Nifty standpoint for a directional trade till the time 10600-11000 does not break with volumes the overall trend remains sideways and till that does not break it will better to look elsewhere to specific stocks where the trend is clear either uptrend or down trend but not sideways.
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 check. There are some select counters where there is deep value available and it will be prudent to buy on dips and accumulate those set of stocks in your portfolio in a staggered manner and keep in mind to buy in panic and hold as deep value stocks regardless of the events will make good money from current levels the question is how much will you make over above fixed income and we think that in this year making 30-50% should not be a problem if you pick deep value stocks.
Good trading to you!