Dear All,
The down trend that started on the Nifty since November 2010 from 6300+ levels on the Nifty is under significant threat.
I, have highlighted the tops with the help of a black trendline in the chart below.
We at DENIP Consultants believe that if we see a close above the 5220 mark on the Nifty we could see this downtrend end. A close above 5220 would definitely indicate the beginning of a major up trend which could last at least a year/ year and a half.
However for the short term traders, it would not be a bad point to initiate some speculative shorts. We would advise investors to start deploying cash into banking and metal stocks provided we see a close above 5220.
Do feel free to post your comments / views on the Nifty & get in touch with us in case you need to create a portfolio to encash this rally.
Thanks,
Dewang K Mehta
DENIP Consultants Pvt. Ltd.
Disclaimer Post applies.
The down trend that started on the Nifty since November 2010 from 6300+ levels on the Nifty is under significant threat.
I, have highlighted the tops with the help of a black trendline in the chart below.
We at DENIP Consultants believe that if we see a close above the 5220 mark on the Nifty we could see this downtrend end. A close above 5220 would definitely indicate the beginning of a major up trend which could last at least a year/ year and a half.
However for the short term traders, it would not be a bad point to initiate some speculative shorts. We would advise investors to start deploying cash into banking and metal stocks provided we see a close above 5220.
Do feel free to post your comments / views on the Nifty & get in touch with us in case you need to create a portfolio to encash this rally.
Thanks,
Dewang K Mehta
DENIP Consultants Pvt. Ltd.
Disclaimer Post applies.
No comments:
Post a Comment