Nifty : Overbought & Stretched !!
The Nifty has made 16% rally in last 3 months without showing a major correction similar to what DAX & SPX500 have been doing !!
But a similar pattern has emerged -- A spurt to higher side after consolidation and then a correction !!
On the other hand, SPX500 seems to be in correction mode ( Wave 4 ) whereas Nifty is in Wave 5 !!
DXY is about to make a U-turn within a week or so by touching a low of 98.70 ( correction wave 4 )!!
None of the signal is clear -- Nifty is heading higher without a correction -- FII's are in buy mode -- SPX500 looks in correction mode -- And dollar index is just preparing for a final home run !!
Will Buy Nifty once it corrects to meaningful levels of 8550 for levels of 9300 to 9500 !!
But a similar pattern has emerged -- A spurt to higher side after consolidation and then a correction !!
On the other hand, SPX500 seems to be in correction mode ( Wave 4 ) whereas Nifty is in Wave 5 !!
DXY is about to make a U-turn within a week or so by touching a low of 98.70 ( correction wave 4 )!!
None of the signal is clear -- Nifty is heading higher without a correction -- FII's are in buy mode -- SPX500 looks in correction mode -- And dollar index is just preparing for a final home run !!
Will Buy Nifty once it corrects to meaningful levels of 8550 for levels of 9300 to 9500 !!
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。