The Nifty keeps going up day by day as does the S&P which it tracks on a daily basis,as well as the HangSeng to a lesser extent. The Nifty will rise till it reaches it's trend line of 6310 and if it crosses this level we could see 6340 or even 6350. The S&P will should rise to 1870-75 level then from where it would drop and with it the Nifty drops to 5900 levels. This should happen by 4th or 5th march, or could happen earlier.
The strategy to follow would be to start accumulating 6100 spot, and keep buying at intervals of 10 or 15 points and average it out to a good price. Then sit back and wait for the fall to happen all the way to the levels mentioned earlier.Make money , because a recovery from here could see nifty going all the way to 6600 to 6700 and when the election results come out then we could see 5200....why so, well it is for a later blog.
The strategy to follow would be to start accumulating 6100 spot, and keep buying at intervals of 10 or 15 points and average it out to a good price. Then sit back and wait for the fall to happen all the way to the levels mentioned earlier.Make money , because a recovery from here could see nifty going all the way to 6600 to 6700 and when the election results come out then we could see 5200....why so, well it is for a later blog.