We at Vipreet's bring you a long term view of the Indices we follow while wishing our readers a very Happy and Prosperous New Year.
Nifty Yearly Chart
Nifty is definitely bullish for the long term. The action since the 2008 fall is a clear consolidation.A maximum fall upto 3665 will be tolerated by bulls who would be more than happy to get such an oppurtunity to get in.Yes, you understood right.It is a buy on dips startegy that will benefit but only for the ones who are patient enough to wait for those dips and then more patient for it to grow to make you money.
Bank Nifty Yearly Chart
Bank Nifty is very bullish having made an all time high close.A definite buy on dips strategy to be adopted.
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Happy Trading !!