Nifty Prediction don’t see Nifty sustaining below 11000 and we wont be surprised to see 11900-12400 in the next few months.
Nifty we had predicted last Friday that levels around 11000 will hold and that prediction has done very well. We had also said that although the low is in place we could see some more volatility till 9th March after 9th March we see a good supportive astro cycle starting which will start supporting the markets and as we have mentioned in our headline we will not be surprised to see 11900-12400. I know it looks impossible for now but I will stick my neck out on this one till the Nifty does not have weekly close below 11000 spot levels. So overall we suggest till 9th March buy into the panic whenever you see one.
From an investors perspective we had recommended Divis Labs, Pidilit Ind, MSL and a few more. Most of them have started moving higher. Those who would like to see full list of recommended stocks can refer to our previous update. In fact even positional traders can look to buy into Divis and pidilit at appropriate levels as they are in a clear up trend so keep that in mind. Those who had liquidated your portfolio and MF holding at higher levels based on our guidance can now look to deploy into some front line MF’s for the next few months.
Nifty technically not much has changed on a closing basis and remains in oversold territory so even if you are assuming higher levels wont come even then keep in mind that a sharp pullback (some may call it a bear market rally) can come and force all shorts out of the system.
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 before trading.
Good trading to you!