Valid point he raised!
Going through the comments, i would like to put some ponits here
1. He is not saying the Indian market is overvalued now.
2. He is saying that policy paralysis at govt and SEBI level is there for mutual funds as they can't hold the cash for longer period
India is the easiest market to exit easily for FII as all the supply is absorbed by DII which are backed by a huge inflow of SIPs in the name of "Mutual fund Sahi hai" slogan.
DII are buying left and right without looking at valuation, future growth and giving safe exit to FIIs
Gold
At ATH
Simple set-up it was .. long base breakout on weekly time frame and upside move continuously above 21w EMA
When to sell : if breakdown from 21w EMA on weekly closing ✍️✍️
Sharing for learning purpose ✨️
NIFTY IT
A sector which is looking promising to me and can beat nifty 50 in terms of return in the next 8-12 months.
In the last 7 months, this has made a nice base and is now showing signs of reversal.
Study charts
#NiftyIT
Nifty IT index
According to me, the index has made the bottom and ready for reversal but that will be short term only. Index may go into consolidation for the next few months until Q1 results come 😊
Next 6 weeks will be very crucial for smallcaps.
We will witness a good discount from here on.
15500 is very strong support for nifty smallcap 250 😊
#smallcaps
Nifty never closed below 22000 since this tweet.
I was very cautious about small and mid caps and that's why I posted about only large caps.
We can witness a sharp correction in the small and midcap segment in the near future 😊
I can't say exactly right now but 22000 is a very strong support for nifty.
Right now nifty is moving into a channel which needs to be broken out first
Yes, nifty is at very reasonable valuation as I told in my previous tweets
For smallcaps and midcaps, I am still cautious 🙏
#Banknifty
A sector which is looking promising to me.
This should beat nifty 50 in terms of return in the near future.
P/B value : 2.2
Dividend yield : 1.0
P/E : 12.8
#Study charts
Nifty IT index
According to me, the index has made the bottom and ready for reversal but that will be short term only. Index may go into consolidation for the next few months until Q1 results come 😊
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