Thursday, May 5, 2011

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.
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5 comments:

  1. KRGMay 5, 2011 at 10:10 PM

    Could you suggest a broad structural count on Nifty if possible? Either from March '09 or from Nov '10

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  2. KRGMay 5, 2011 at 10:56 PM

    You said that market is in early phase of consolidation. But consolidation is going on since June 09.. right?

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  3. vipulMay 6, 2011 at 1:31 AM

    No this phase of consolidation i refer to is from nov 2010

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  4. KRGMay 6, 2011 at 2:48 AM

    Do you think major B has ended? I was under the opinion that it is still on. Nov 10 didnot look like start of fresh major C. Possibly Jan 11 or the recent April high could be the start I thought, but perhaps need below 4810 for confirmation. Suggested few alternates here.. Could you take a look and revert?

    http://krgonline.blogspot.com/

    ReplyDelete
  5. KRGMay 19, 2011 at 12:11 AM

    Hi Vipul: Couple of questions...

    Are you treating May to Nov 2010 as a "X" wave?

    And where do you see RIL bottoming?

    Cheers

    ReplyDelete

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