Nifty Prediction 29-11-2021

Nifty collapsed as predicted. Although the trend remains down focus should be on accumulating individual stocks which have sound management and good fundamentals.

Over the past few weeks, we have been very negative on the Indian stock markets and even though the trend, for now, remains down there is immense value in certain select pockets now and hence rather than looking at the Nifty or the index the idea should be to buy and hold excellent stocks which have huge upside potential with almost negligible downside risk.

Nifty Support zone
Nifty Prediction

Nifty Prediction for Dec 2021

Nifty medium-term trend remains up and there is no doubt about that. It is only that the correction that we were expecting has set in and now has created good value in certain select pockets. The froth and excessive bubble-like valuations have got adjusted now.

This does not mean the broad market is a buy. There are selected stocks and from here on to make money the entire game will be to trade specific stocks rather than looking at the index.

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.


Glen Drago

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