Wednesday, February 1, 2012

Nifty monthly view

Nifty Monthly chart is highly promising for bulls in medium to long term. The same situation has started to build up like one developed between September 2008 to March 2009. All indicator in shorter term was highly overbought, denial was in air as far as market, nifty or economy was concern. But, technical play it's part, FII pumped in funds and suddenly everybody  become bullish ignoring all overbought indicator of short term. Many curse their fate for not being part of a super bull run. Adventurer and short sighted lost their life time hard earn money. Only beneficiaries were long term investor who stay invested during bad time.

My view: Start accumulating good stocks in small quantity and enjoy a bull run which may take off after cooling this current jump. Market is very near of it's bottom up

Please have a look at various oscillators all are in oversold zone now. Are you still bearish...!!