Head & Shoulder pattern in Nifty 50

13 Jan

Nifty 50 might test 21000-20800 level given the pattern formed in weekly chart in coming few months.

25 Feb

Dagangan aktif

Nifty 50 might bounce back from 21000 levels +-200 points. At that level its a huge buying opportunity. The 20 year median PE ratio is 21-22 range and at present PE is 20.4. At 21000 level PE ratio will be 19 which is below median PE. This will make our market more lucrative for FII and DII.

18 Mac

Nota

Update - MAR 18
Since last update on 25 Feb, the DXY Dollar Index has fallen significantly from 106 to 103. If Dollar index continue its fall and goes below 100 and stays below 100. In that case, there will be very huge buying from FII. There are only 2 scenario in this case.

Scenario 1 - DXY index goes below 100 after Nifty 50 reaching 21000. In that case this trade stands.
Scenario 2 - DXY index goes below 100 and stays there before Nifty 50 reaching 21000. In that case there will be a reversal even before reaching 21000.

Nifty 50 might make a new all time high if this happens.

18 Apr

Pesanan dibatalkan

Since DXY index have gone below 100 this trade is no longer valid.