Market continues to make new HIGH every week in anticipation of election results in the favor of unanimously bringing one party in power. Isn't it tempting to jump in this market when it is making NEW HIGH every week and seems like we will miss this rally!!! What shall we do and what should we be aware about!!!
Not much has changed in below chart as current scenarios are bullish for this market.
Nifty is making NEW HIGH every day and nothing appears to get in the way of this rally.
On weekly chart, Nifty is on target to reach 6800-6900 area as suggested earlier.
Is this the right time to get in the market!!!
When we see market making NEW HIGH every week with lot of bullish news then we get tempted to jump in right away in anticipation of further rally. We simply DO NOT want to miss the rally which Nifty saw during 2003-2006/2007. Remember, patience pays off and right timing makes a BIG difference in making money and loosing money. As stated earlier, Election results will drive this market and set a direction for coming months/years. If you are NOT in the market then NO need to worry, rather wait for right opportunity. Market cannot keep going up in one direction, at some point it will have a pullback/correction and that would be ideal time to get in depending on overall market scenario.
What should we do with our Investments?
Market remains bullish and cruising higher...
When we see market making NEW HIGH every week with lot of bullish news then we get tempted to jump in right away in anticipation of further rally. We simply DO NOT want to miss the rally which Nifty saw during 2003-2006/2007. Remember, patience pays off and right timing makes a BIG difference in making money and loosing money. As stated earlier, Election results will drive this market and set a direction for coming months/years. If you are NOT in the market then NO need to worry, rather wait for right opportunity. Market cannot keep going up in one direction, at some point it will have a pullback/correction and that would be ideal time to get in depending on overall market scenario.
What should we do with our Investments?
- Mutual Fund - If invested in market then stay put until we see signs of danger. If not invested then wait for right opportunity and DO NOT chase this market.
- Stocks/ETFs - ONLY invest in good patterns, some of our picks have done well which you may want to check here. Also do not forget to check Position Sizing which helps you to identify STOP LIMIT for every trade you make.
Market remains bullish and cruising higher...