Nifty Prediction our targets of 10200 is done we do not see much upside beyond a few days from now. Minor upside could still come but more or less upside is done. Get on as much cash as possible.
Overall we had predicted that Nifty should touch 10200 around 3rd week of March and our upside targets are done. Now we do not see much upside pending and hence we have moved our portfolio to cash yes a bulk of our portfolio is now on cash. Please keep in mind that I am not suggesting for one minute that an absolute top has been made in the markets and sure there could still be some more upside in the coming few weeks that is possible but the risk reward no longer is in favor of being long or buying fresh keep that in mind. As things stand the bulk of the easy money has been made and in a few weeks time astrological cycles will once again start becoming negative and eventually that will result into stock prices moving lower towards the second half of the year and we will get much better prices to enter into the markets. We have made 37% in our portfolio since march lows and we are happy with that and if most of you would have bought like we did surely your portfolio also will be in good positive territory but now it is time to get on to cash.
Most of the market participants are now getting bullish after such a sharp rise thinking that everything is getting back to normal however the reality is looking at the cycles and data models a next wave is coming and in that next wave we could see yet another economic shock so keep that in mind so looking at overall position get on to cash and take profits home for now. Cash will be king as in second half of the year we see great buying opportunities. Keep in mind that we are on cash only for now and not for the longer term, from a longer term perspective we remain very bullish on the markets and we are predicting a bullish 2021, 2022 so both years will be very bullish but near term we see downside risk and one more downside round pending.
As usual if you are only trading on the basis of this post please use your own risk management and then only trade please always keep your risk in check and please do not over trade.