Sensex has lost 687.49 and Nifty 210.10 points in comparison with the previous week’s numbers. Technicals are suggesting that Nifty 50 will recover fast and BSE Sensex is indicating correction till the end of June first week. Nifty stats are indicating that, it will cross the 10866 mark and will gain by more 100 points. This may not be achieved the whole this week only, but the time freame may be little extended to the next week.
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Few Midcaps too will start to gain temendously, amid the losses incurred by those over valued, or not that much betting on stocks. On an average most of the Mid and Small cap stocks are othe way to the final correction except few. Rally will start in those few, with much correction in many.
As uaual, ‘Blue Chips’ are ahead to gain. But gains may be least this week.
A sharp rally is indicating in MCX till the Mid of June. So a buy call is suggested. Albeit most analyst’s negative opinion, I suggest to hold Gold. Sooner or later a big gain is indicationg on the charts.
Dollar – Rupee
Rupee may slip back to 0.01455 levels in November 2016 with great gains after that.
Will bring you my Fresh Perspective about the market’ Next Monday.
Till Then, Bye!
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All assumptions are made, purely based on Technical Analysis. Please do, your own analysis before investing. I’m not at all responsible for your future investment decisions.
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