Where is Nifty heading first – 7500 or 9100?
28 April 2015
Where is Nifty heading first – 7500 or 9100?
Greetings from Hitesh! Our post on MAT facts has been appreciated by the readers and I thank you all for the same. When you know the TRUTH, you act with confidence. So, we always go for the facts and not for opinions.
How do we play in market?
We always follow the basic rule of market – “Market are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”
We had been betting on unexpected since 2009. Those who followed us have made the tons of money. Those who were sitting on fence, when we were making a bold claim on market, have lost once in a life time opportunity to make money.
Chappan Bhog in Market (56 types of food items to eat):-
Vaishnavas offer 56 items to their GOD. It is known as Chappan Bhog (56 types of food items). Assume that you have been offered Chappan Bhog for Lunch. You will have a trouble in deciding which one to eat first and which one to eat next. Unless you have extremely good appetite – you may not even be able to test all the 56 items. You may end up having 10-20 items at the most and feel heavy in your stomach.
Market is also having a Chappan Bhog as on today. It has many issues to deal with in shortest possible time. It has natural calamities / men made blunders / local and world economic issues / political issues / war like situations in many parts of the world / results season / liquidity issues in local market and media created issues.
One is enough to affect the market. When so many act together – it is natural for market to find it difficult to digest them at one go. However, sooner or later all issues will settle down and then you will have market moving towards another high.
Where is the market heading?
If you look at the larger picture of Nifty – it has moved up from around 6000 levels to 9000 since January 2014. 50% of the retracement comes around 7500. April expiry will come around 8300. Nifty future moves in the range of 800-1000 points, so if it goes down by 800 points – you can have 7500 by May end and if it goes up by 800 points – you can have 9100 by may end. If it moves in the range of 800 points – you can have 400 down side and 400 up side. So, range of market comes at 7900 and 8700.
My personal call on market:-
I have observed that market has never moved in the direction of consensus opinion. Consensus opinion is pessimistic at this juncture and it makes me more and more optimistic about market. Do you remember what Mr.Buffett has always say – “we love the situations pessimism provides!!”
Another reason for being optimistic is the ground reality in the market. At this juncture –local guys are facing terrible liquidity and they are not able to move their money in real estate or commodities market or in their businesses. Share market is the only market which has been moving and it is providing some liquidity. I am sure they will not kill it.
For FIIs also – they do not have many safe opportunities outside India for investments. They will also keep on pumping more and more money in spite of low growth in India.
How do we propose to exploit the God send Opportunities?
We have many sure shot options and future strategies for our clients. We have many stock specific calls to pick up in this market. You too can benefit from this by joining our services.
Last time when market moved up, many of you would have told yourself that next time fall comes – I will invest. The time has come. Take action now or you can always wait for next time!!
Take fast action before it is too late.
Have a Great Week Ahead.
Where is Nifty heading first – 7500 or 9100?
Greetings from Hitesh! Our post on MAT facts has been appreciated by the readers and I thank you all for the same. When you know the TRUTH, you act with confidence. So, we always go for the facts and not for opinions.
How do we play in market?
We always follow the basic rule of market – “Market are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”
We had been betting on unexpected since 2009. Those who followed us have made the tons of money. Those who were sitting on fence, when we were making a bold claim on market, have lost once in a life time opportunity to make money.
Chappan Bhog in Market (56 types of food items to eat):-
Vaishnavas offer 56 items to their GOD. It is known as Chappan Bhog (56 types of food items). Assume that you have been offered Chappan Bhog for Lunch. You will have a trouble in deciding which one to eat first and which one to eat next. Unless you have extremely good appetite – you may not even be able to test all the 56 items. You may end up having 10-20 items at the most and feel heavy in your stomach.
Market is also having a Chappan Bhog as on today. It has many issues to deal with in shortest possible time. It has natural calamities / men made blunders / local and world economic issues / political issues / war like situations in many parts of the world / results season / liquidity issues in local market and media created issues.
One is enough to affect the market. When so many act together – it is natural for market to find it difficult to digest them at one go. However, sooner or later all issues will settle down and then you will have market moving towards another high.
Where is the market heading?
If you look at the larger picture of Nifty – it has moved up from around 6000 levels to 9000 since January 2014. 50% of the retracement comes around 7500. April expiry will come around 8300. Nifty future moves in the range of 800-1000 points, so if it goes down by 800 points – you can have 7500 by May end and if it goes up by 800 points – you can have 9100 by may end. If it moves in the range of 800 points – you can have 400 down side and 400 up side. So, range of market comes at 7900 and 8700.
My personal call on market:-
I have observed that market has never moved in the direction of consensus opinion. Consensus opinion is pessimistic at this juncture and it makes me more and more optimistic about market. Do you remember what Mr.Buffett has always say – “we love the situations pessimism provides!!”
Another reason for being optimistic is the ground reality in the market. At this juncture –local guys are facing terrible liquidity and they are not able to move their money in real estate or commodities market or in their businesses. Share market is the only market which has been moving and it is providing some liquidity. I am sure they will not kill it.
For FIIs also – they do not have many safe opportunities outside India for investments. They will also keep on pumping more and more money in spite of low growth in India.
How do we propose to exploit the God send Opportunities?
We have many sure shot options and future strategies for our clients. We have many stock specific calls to pick up in this market. You too can benefit from this by joining our services.
Last time when market moved up, many of you would have told yourself that next time fall comes – I will invest. The time has come. Take action now or you can always wait for next time!!
Take fast action before it is too late.
Have a Great Week Ahead.
Follow me on Twitter @hiteshmparikh Or
on Whatsapp - +91-9869425399.
Live With Passion…Invest With Passion.
Hitesh Parikh.
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