You might have heard that market will crash and Nifty can reach upto 8000 level.
But my prediction is that the Stock market / nifty WILL NOT CRASH IN COMING FEW DAYS and maximum Nifty can move down upto 10,000 level. Actual level is around 10,160, it will not fall below 10,160
There is bearish sentiment in the market, meaning people will hesitate to buy today.
On Monday Oct 22,2018 Nifty may open gap down and move down upto 10,220 level . There are less chances of Nifty moving below 10,180 level, as there is good support at 10,200, it should bounce back slowly from there.
On upper side it can move upto 10,380-10,400 level.
It can be range bound for quite some time in the zone of 10,280 to 10,340 level
All levels are approximate
Why Nifty prediction is important?
Price of all stocks move as per Nifty ( if there is no news in that stock) because their price gets multiplied by fraction of Nifty. So from Nifty you can predict movement of your stock.
Please note that these predictions are based on technical analysis and any news can override this.
I will be buying following stocks on dips
TATA MOTORS, ITC, MARUTI, SOUTH INDIAN BANK, RELIANCE
INDUSIND BANK may fall so will wait and buy
BAJAJ FINANCE may fall so will buy after it falls
GRAPHITE INDIA may fall so will buy after it falls
My buying strategy will be accumulating in small quantity on dips. High price stock like Maruti I will buy 1 or 2 at a time.
I will keep watch on Yes bank and DHFL and may buy after they fall down. This is risky for short term but I will hold for few months.
DHFL very risky stock to buy.
The above stocks are good for positional trade as well as long term.
Current price for Brent crude is $79.69
Current USD/ Rupee is Rs.73.48
But my prediction is that the Stock market / nifty WILL NOT CRASH IN COMING FEW DAYS and maximum Nifty can move down upto 10,000 level. Actual level is around 10,160, it will not fall below 10,160
There is bearish sentiment in the market, meaning people will hesitate to buy today.
On Monday Oct 22,2018 Nifty may open gap down and move down upto 10,220 level . There are less chances of Nifty moving below 10,180 level, as there is good support at 10,200, it should bounce back slowly from there.
On upper side it can move upto 10,380-10,400 level.
It can be range bound for quite some time in the zone of 10,280 to 10,340 level
All levels are approximate
Why Nifty prediction is important?
Price of all stocks move as per Nifty ( if there is no news in that stock) because their price gets multiplied by fraction of Nifty. So from Nifty you can predict movement of your stock.
Please note that these predictions are based on technical analysis and any news can override this.
I will be buying following stocks on dips
TATA MOTORS, ITC, MARUTI, SOUTH INDIAN BANK, RELIANCE
INDUSIND BANK may fall so will wait and buy
BAJAJ FINANCE may fall so will buy after it falls
GRAPHITE INDIA may fall so will buy after it falls
My buying strategy will be accumulating in small quantity on dips. High price stock like Maruti I will buy 1 or 2 at a time.
I will keep watch on Yes bank and DHFL and may buy after they fall down. This is risky for short term but I will hold for few months.
DHFL very risky stock to buy.
The above stocks are good for positional trade as well as long term.
Current price for Brent crude is $79.69
Current USD/ Rupee is Rs.73.48
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