HI ALL
WE ARE AT VERY GOOD POINT IN THE MARKET NIFTY IS ABOVE 200 DMA AND THING BECOME VERY SIMPLE HERE
OLD SAYING BULLS LIVE ABOVE 200DMA AND BEAR BELOW THAT SO IS IT END OF BEAR AND BIRTH OF NEW BULL IN THE OFFING I DONT KNOW BUT I M KEEPING FOLLOWING THING IN MY MIND:
1}HISTORY SAY MONTH MAY IS BED FOR MKT SO I M NOT BULL BECAZ OF THIS YES IN OFFLOADING MODE.
2}MKT IS ABOVE 200 DMA LET IT GO BIT MORE UP COME DOWN AND TEST AND CONFIRM THAT IT IS HOLDING 200DMA HEY I WILL CONSIDER THAT AS NEW BULLS BIRTH IN OFFING BUT TILL THAN WAIT AND WATCH
3}ELECTION FACTOR YES THAT IS BIG GAME CLEARITY WILL BE OUT IN 20 DAYS THAN BETTER TO OFFLOAD UR PORTFOLIO AND STAY IN CASH IF ALL IS FINE GET IN AGAIN ON RETRACEMENT OR ENJOY THE WORD CASH IS KING AND DO CRASH BUYING U WILL GET LOT OF CHANCES
4}GLOBAL MARKET IS STILL NOT GIVING SIGN FOR STOP OF BAD NEWS
5}MOST WORRYING FACTOR FOR ME IS ALL BIG BROKERAGE HOUSE ,TV CHANNEL AND NEWSPAPER AND FUND MANAGER ARE SAYING WORST IS BEHIND - I M WAITING TO JOIN BUT NOT NOW SIR
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