Saturday, June 1, 2013

Nifty P&F (Wk 0306-0706) - mid-term bearish with VPO 5385; next support near 5800

Recap:

5940 supported, 6030 resisted & broken through.

Weekly Analysis:

DailyAnalysis:

Summary:

Weekly & Daily Down. Breaking past last support 5940 will confirm arrest of larger up-trend & set a mid-term Down trend. In that case mid-term VPO targets 5385. 5800 might come up as next support level for this fall.

2 comments:

  1. Dear Rajib,
    Can you give two to three stocks idea for 3 to 5yeaes perspective.
    As if people want to invest in stock market for longterm buying stock and hold for long time is only option. I hope, you ll' take a favorable view of this request.
    Regards,
    Pinakin

    ReplyDelete
    Replies
    1. @pinakin,

      3-5 years, I really don't think any technical study can give. Only very strong fundamental of the economy / sector / company can give such kind of a long-term perspective. May be following what the best investors (e.g. Rakesh Jhunjhunwala) of India doing.

      As per me, the best time to enter a market for long-term when the market has already crashed (e.g. 2008) ... till then keep the cash handy in some bank!

      However, if the aim is to garner about 20-25% return in mid-term, technical study can definitely help.

      Regards,
      Rajib

      Delete