Now this is second time We see this trendline being tested. If we see this upper trendline getting breached It will mean India is getting re-rated. Last time this happened in 1999. So Let's see what happens this time around. We can see nifty in another orbit if we breach this trendline
There is RSI divergence in Pfizer. Again . . .! This can take it to the top of channel. For good RR one can consider buy on dips...
There is consistent buying seen at around 500 level in this counter. Also current Dragonfly formation gives good indication of buying interest at below 520 levels. Break above 526 will be good buying opportunity with SL of 514
I am finding lot of gaps in various counters and they have been honored. I expect this gap also to be filled sometime in near future
Its always better to keep your portfolio divided into 3~4 non-co-related instruments. I try to keep my portfolio diversified as below: Nifty Junior :30% Gold : 30% Debt fund (Liquid) : 30 % Now it seems high time that I re-balance and move significant of investment from gold to Nifty: