This principle says any sustained bounce in a stock market is usually followed by a correction of approximately half to two-third of the change in price movement.
Every time since 2008 In a bull run the correction is approximately 50% of the bounce.
With this theory we can expect NIFTY to reach 8772 . This will be a perfect time to add on ..
Will this level come..only time will tell :-)
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kacharts
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ignore these news paper if u have to earn , just buy on dips and keep faith on indian economy . more to come and top is far away from here 3-4% will always come in between but that will be short lived. the less u will be in leveraged more u will earn.
and when market will these newspaper will revise target to 8k and everyone will shout crash crash in 300-400 point fall..
tikkuk
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@KumarAbhilash, I always ignore the recos from various newspaper/news channel .. but in present valuation it is very risky to make investment (in my opinion) ...I am mostly in cash (have added few pharma though) .. will wait for some correction ..lets see when it comes... whenever it comes its interesting to go though as much articles as one can :-)
kacharts
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@tikkuk, pe range has been shifted to 28-30 level as of now market is not expensive and pharma is still expensive this bounce. i have all pe details from 1999 to till date of all indices (u can compare whether its cheap or expensive), if u wil give me ur email id i wil send u . and offcourse we also expect correction but it will keep making new highs(nifty)
tikkuk
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@KumarAbhilash, Thanks Abhilash ..I too have prepared Nifty P/E chart since 2000 ..
sachinjain19
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while these theories do carrry weight.. i wouldn't take heed for my day to day trading !I But i think its a good time to start offloading your own portfolio rather than thinking. what if Nifty hits 10000, what if Nifty goes to 11000.. i will loose .. !! Nobody.. can really time the market.. but the market multiples are really high .. and it would be prudent to get some money off the table .. so that you have dry powder to invest again.. when the market presents an opportunity !
and when market will these newspaper will revise target to 8k and everyone will shout crash crash in 300-400 point fall..