Short term relief in Nifty: Down trend in longterm
After massive fall of 1200 points, Nifty is showing some signs of temporary relief as expected.
In longterm, Nifty is expected to follow Lower top and Lower Bottom trajectory and will be Sell on rise till it breaks important resistances and stays above those levels for a couple of month time.
My long-term analysis : 1-1.5 year timeframe or even sooner, we may see Nifty testing lower levels as shown in chart.
Best approach will be to accumulate Nifty Bees on huge sell-off weeks.
Also, it would be good to add fundamentally good stocks on dips, in SIP mode.
Note:
This is only an educational post. I am not a SEBI registered analyst. Do your own research before executing any trade.
In longterm, Nifty is expected to follow Lower top and Lower Bottom trajectory and will be Sell on rise till it breaks important resistances and stays above those levels for a couple of month time.
My long-term analysis : 1-1.5 year timeframe or even sooner, we may see Nifty testing lower levels as shown in chart.
Best approach will be to accumulate Nifty Bees on huge sell-off weeks.
Also, it would be good to add fundamentally good stocks on dips, in SIP mode.
Note:
This is only an educational post. I am not a SEBI registered analyst. Do your own research before executing any trade.
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