July 28, 2017

Stock watch: LT

- stock is trending up
- good support formed around 1100 levels
- all time high is around 1250

Stock watch: LICHSGFIN

- stock has hit SL for long trade (buy was in March)
- this can be a whipsaw ... let's see
- holding above 762 can be bullish

Stock watch: KOTAKBANK

- stock is trending up
- support 936
- stock is near lifetime highs

Stock watch: JSWSTEEL

- trend is up
- recently stock broke out from range
- but nothing much has happened
- support 205-185
- stock is near all time highs

BANK NIFTY weekly charts

- trend is up
- support 23000
- deep support 20300

NIFTY weekly charts

- trend is up on weekly charts
- support 9700-9400
- deep support 9000
- no correction in rally from 7800 to 10000 levels

Market outlook

Daily charts
- trend is up on daily charts
- AD was flat
- support 9700
- swing low 9400

NIFTY 10 year CAGR is 10%

NIFTY @10000 does not mean anything... the CAGR is barely 10% only.

For a 20% CAGR, NIFTY should rally to 25000 in 5 years.

Warren Buffet: retail should invest in index funds

Warren Buffett Index Funds

Remember my posts on investing in NIFTYBEES in all the previous years?

Nifty has Possibility to Decline Towards 9956-9859 in Coming Days – Elliott Wave Analysis

Nifty opened higher at 10063 and bounced further to register day’s high 10114 but failed to sustain at higher levels and declined back by more than 100 points from high to register day’s low 10005 before closing flat at 10020.

Yesterday, I mentioned that some sort of Impulse is about to completed may be around 10070-10111 range and a small or big correction is expected very soon after completion of this impulse. And suggested to book profit in all longs and wait for any reversal pattern to form to initiate next trade. Nifty achieved 10070-10111 range and declined back by more than 100 points after registering high 10114. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/nifty-has-possibility-to-decline-towards-9956-9859-in-coming-days-elliott-wave-analysis/