Nifty – Bank Nifty Weekly Analysis – 13th May 2019
I have begun this video on Nifty and BankNifty by analyzing daily time frame chart for both these indices through simple 50 DMA and 200 DMA. I have kept Nifty Analysis simple as markets are getting uncertain and during such times, simplicity is the key. For Bank Nifty Analysis, I have again chosen the same parameters and chart settings. I have explained why current move in both these indices should be categorized as corrective price action and not a down trend.
I have also taken up Nifty Midcap along with Nifty Small cap Index where I have shown how both appear to be in positive price structure and till recent low’s hold, one should be looking to accumulate in both Nifty Midcap and Nifty Small Cap sector. I have also analyzed S&P 500 to show how price is currently retracing in an ongoing Up trend.
In the end, I have concluded why one should be looking to buy into Nifty, Nifty Bank, Nifty Midcap and Nifty Small Cap Index & its Stocks. Use stop losses and don’t be afraid to Invest. Use systematic Investment plan for same.