Nifty Prediction Though there could be still some more upside however being long from an investment stand point does not make any sense now.
So our targets of 10200 is done there could be some more to come in the next few weeks that is possible however being long now will not make any sense from an investment stand point as risk reward does not favor being long. I am saying this because a combination of time cycles, astrological cycles, elliot wave, valuations and gann wave and even basic common sense combined are telling us that though near term top is not confirmed in the second half of the year we will see lower prices so moving to high levels of cash in the portfolio is recommended. Please keep in mind that we are not suggesting even for one minute that the absolute lower top has been formed well it may have or will take place in a few days or weeks but the basic point is looking at a combination of everything being long in the portfolio will not make much money and most of the portfolios which had good companies have given great returns from lows in a very short time frame so taking money off the table will be a good deal.
From a trading stand point things are very fluid and some important astrological signatures are coming up so be very nimble footed and trade. Managing risk will be the key for the next few trading days as volatility and sharp price movements can begin anytime. We have started our new product assisted PMS details of which can be seen here.
As usual 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.