Its been a hectic year end and have been preoccupied with plenty of work. As a result updates have been irregular.
Nifty update: Trend is still up and the correction witnessed after taking out the life time high is perceived by me as a simple correction in an ongoing strong uptrend. There have been plenty of bearish voices in the media calling for a deep correction. Unfortunately these voices will be disappointed, once this correction ends. Upcoming eventful week, IMO, will provide the much needed trigger for the market to resume its uptrend. Nifty has strong support below 6150 right upto 6050. Buying on dips is suggested with a target of 6600 in the near term. Wishing one and all a very good year end trading followed by a Fantastic New year ahead.
PraDa
Nifty update: Trend is still up and the correction witnessed after taking out the life time high is perceived by me as a simple correction in an ongoing strong uptrend. There have been plenty of bearish voices in the media calling for a deep correction. Unfortunately these voices will be disappointed, once this correction ends. Upcoming eventful week, IMO, will provide the much needed trigger for the market to resume its uptrend. Nifty has strong support below 6150 right upto 6050. Buying on dips is suggested with a target of 6600 in the near term. Wishing one and all a very good year end trading followed by a Fantastic New year ahead.
PraDa