nifty

nifty is in a frustrating zone. the base formation phase has started and i feel we have almost seen the lows.this ideally will mean that low of 5200 may just be touched /brushed marginally but not broken convincingly.the odds currently are against such happening also.

the other aspect is : is it a good time to buy? for traders : scalping moves will be there, but since market is in early consolidation phase, it will be ambiguous and uncertain in direction, which is not good for positional trading. so swing and be merry!

investors have no choice but to buy these dips. however there may not be much gain, if any till the end of this year. so the time period as an investor has to be go beyond couple of years to reap the gains. the patient will be rewarded.

the best gains come from investments made in periods of uncertainty.

the precious and the black

oil is down 10% (oops). it has reversed from the top zone of its target like it was expected to do .it is not a mere co incidence that almost all the analysts were calling for 200 usd oil just like they were calling for 50usd oil when it was in 70 usd.i think most of them, if not all, are paid to be wrong1

gold has also reversed from the top of its range target. noteworthy is silver which has lost just the way it had gained.

ideally silver should go into a long consolidation phase before any worthwhile bull be seen in it.

in any case i will review the charts and post accordingly.

the precious and the black

oil is down 10% (oops). it has reversed from the top zone of its target like it was expected to do .it is not a mere co incidence that almost all the analysts were calling for 200 usd oil just like they were calling for 50usd oil when it was in 70 usd.i think most of them, if not all, are paid to be wrong1

gold has also reversed from the top of its range target. noteworthy is silver which has lost just the way it had gained.

ideally silver should go into a long consolidation phase before any worthwhile bull be seen in it.

in any case i will review the charts and post accordingly.