Saturday, April 18, 2015

When is the next rally in Nifty, where and what should we buy if Nifty corrects further

I was going through the rally of NIFTY & SENSEX during 9th May 2015 to 9th June 2015 post election result. the sectors which dropped during that period when everything was going to the space were FMCG / PHARMA and  IT, the sectors which took the lead were Reality / Metals / Small Caps and PSU Banks

As on today technically nifty is in consolidating mode the drop in Nifty is mainly due to drop in Pharma and IT sectors once the Nifty's consolidation mode is completed Nifty will bounce from 8530  / 8454 an Accumulation Zone, the sectors which will take Nifty up will be Metals / Small Caps / Reality / PSU Banks  and Bank Nifty 

So be ready for the next rally when Nifty touches 8530 / 8454 buy good scrips in Metals / Small Caps / Reality / PSU Banks  and Bank Nifty. 

Correction or fall in nifty is giving as a good buy opportunity to enter the market with sector rotation which will lead the next rally of Nifty and Sensex

keep watching this blog on what to buy and when


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