The trend for NIFTY stocks is up. That has not changed. Like many stocks and indexes around the world, NIFTY been mostly stagnant since early 2018. Unlike most stocks and indexes, however, NIFTY has managed to put in higher lows and higher highs along the way. So it’s not just a consolidation.
I do believe NIFTY resolves this consolidation higher and heads up towards 13,000 – this is the target: [Read more…]