Samvat 2075 – Nifty 50 – Bank Nifty Chart 12th November – 16th November 2018
Weekly video on Nifty 50 & Bank Nifty. In this week’s video on Nifty & Bank Nifty, I have explained how Nifty and Bank Nifty continue to remain below their 200 Day moving average and Nifty Trend and Bank Nifty trend remains down for now. Price on Nifty chart and Bank Nifty chart is very close to 200 DMA and the 50% Fibonacci retracement level. After a down move, this is a region where one must adopt a wait and watch approach to see what Price does from hereon.
This week’s video is focused on key lessons for Samvat 2075. I have short listed 6-8 topics which I have explained in detail as they remain important for Samvat 2075. I have detailed about Volatility, Value and Price, Impact of Crude in our markets, Importance of focusing on Quality companies, Importance of curtailing Current Account deficit below 3% and importance of identifying 2-3 Investment themes for the next decade. I have also detailed about India decoupling from Emerging market basket and why it is important to avoid the hype around State elections due in December 2018.
Out of these topics listed above, I have discussed concept of Volatility, Value versus Price and importance of staying in Quality companies in great detail. Recently in an interview, legendary Trader and Investor Mr. Rakesh Jhunjhunwala during an interview Samvat 2075 discussed about Value and Price and its importance and therefore I thought of covering this topic as well as it directly impacts the overall returns. I have taken example of Tata Motors Share to illustrate my point. In the end, I have mentioned Nifty and Bank Nifty key levels.