Apart from Thursday’s big correction in the wake of Karnataka State Election to the Assembly, our indices have gained a minimum. Comparing withe previous week’s closure of Nifty50 34915,38 and Sensex 10618.25, Nifty has gained 188.25 points Sensex 620.41 points.
This week too gains are expected to me very minimum. Momentum will continue in the stocks. That means, stocks which have performed well during the past week, will continue to be gained and the lost will be in loss.
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No fresh buying is suggested, until the bullish signal is confirmed in most of the corrected stocks. As correction may still continue till the weekend. Wait and watch is suggested.
Nifty Midcap and Smallcap are still indicating 2% – 3% correction. If your portfolio is made up of all the smallcaps, that much correction is un-avoidable. Don’t even sell is recommended. Just hold patience for one more week. This week too may close with small gains. Else, fresh gains starts from Wednesday /Thursday.
So, the week ahead is a ‘Wait and watch’ week /add more week. Hold your patience. Your patience will be paid off next week.
Will bring the ‘Fresh Perspective of Market’ on Next Monday Morning! 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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