August 16, 2015

NIFTY YTD gain is less than 3%

NIFTY has gained less than 3% so far this year.  This means a lot of rangebound trading this year.

Last year, we had a nice breakout and nifty gained 30%.

Now the breakout level should ideally be retested so let's see if this happens or not.

Even a correction to 7000 levels would offer an excellent opportunity for long term investment.

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