January 17, 2016

NSE NIFTY Update: 17 Jan 2016


In my last post dated 12 Jan 2016, I shared the weekly charts with you all. Today is the monthly chart. The bad news is we have broken the support levels on monthly charts. So, don't expect an immediate reversal or heavy upside movement in some time to come.

Time to start accumulating your favorite stocks via SIP's and lump sum purchases. The bad time brings the best bargains. If you don't have a 10 years investment view on stock market stick with small saving instruments.

Should we try to get in the game of predicting markets. I don't think so.

Support: 7419

Resistance: 7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

No comments:

Post a Comment