VNS

Nifty levels as per graph...
By the way many stocks are at multi year lows. In panic, one can build a quality portfolio for next bull run. Don't miss this opportunity after covid.

Sell on rise as made it top. I said it 5 months back !! Even I asked to wait for MF investments. Many stocks corrected more than 50% & sectors which were in limelight like railways, psu's are things of past now.
What to do next:
Keep accumulating good stocks (good mngt) for long term 5 years. Avoid penny stocks assuming they corrected allot.
Bounce will keep coming but trend will be down for next 1-2yrs due to global uncertainties.

Gentle Reminder..

Fall in Markets

1) 2020: -38% (Covid 19)
2) 2008-2009: - 61% (Sub Prime Crisis)
3) 2000-2001: -56% (Dot Com Bubble)
4) 1998-1999: -35% (Global Sanction)
5) 1992-1994: -54% (Harshad Mehta Scam)
6) 1990: -39% (Gulf War)
7) 1986-88: -41% (Global Commodity Fall)

Still Market CAGR: +15.50%

Have Faith. Don't do bottom fishing. Only invest surplus money with long term horizon.

Mkt is choppy, light rahe.... Now it will be Sell on rise till the Nifty closes above 26k. Keep booking short term profits. One way rally seems over but sector rotation will keep happening.
Don't stop yr SIP's but wait for lumpsum investments.

Nifty took support in the band of 21700-21800 as mentioned in my previous 2 posts.

Right now nifty flirting around 21500 (good support around 21400). Lesser rally in Nifty but good rise in small & mid caps. PSU's, metals are rocking but right now don't chase any stock.

Investors: keep hold on yr bluechips. Only sell kachra/penny stocks to enter quality stocks when market corrects.

Traders: Booking short term profits after 6-8 days rally is always good.

Overall Market is looking strong till Nifty is above 21400, sector rotation will keep happening.

Nifty 21700-21800
Bank Nifty 46500-47k
Major supports as mentioned in charts. Again retierating focus on accumulating quality stocks expecting Bjp will return (else major fall post results).
Fyi Chart not drawn by me but I agree with levels.

(Weekly)
Nifty is near important support zone with 03 confluence
*Trendline near 21900
*21 WEMA near 21850
*Previous Swing lows near 21700

More panic before heading towards 23K. So focus Stocks & remain invested.

As mentioned 2 days back when nifty was 21750 that market needs to close above 22800 for fresh leg of rally. From there it corrected sharply & closed at 21519. Reasons of fall: 1. Change in Mauritius tax treaty. 2. Delay in interest rate cuts by FED.
Now Global sentiments are weak due to middle east scenario of a probable war. Further profit booking may happen. Nifty first support 22,200 (closing basis). So use the fall to accumulate quality stocks if you missed earlier.
(Remain light as fall may extend as reasons are unknown right now & follow channel).

On 13th March, i mentioned SALE is on and one should buy quality stocks.Time to time i mentioned that we will see fresh rally from new FY. From last 15 trading days market is Up and many stocks hit new highs as well.
Metal & property stock's are rocking but hold for more gains. Focus banks to buy on all dips. My top 2 holding are NBCC & JM financial.

Market/stocks hit a bottom in March & sharp recovery from new FY as mentioned. If one has accumulated Metals, PSU's, Banks, Power stocks etc then good upmove from lows. Even many hit new yearly and all time highs. So keep accumulating good quality stocks and remain invested for long term.
Only catch is Stocks, metals, crude, currency, crypto currency all are moving up. So don't be blindly bullish, sharp falls will keep coming.