NIFTY – Ebullient Equity Index – 5/9/2018

NIFTY – Ebullient Equity Index – 5/9/2018

Relentless advertising of mutual funds as the one and only path towards future richness has done wonders propping up the NIFTY and SENSEX so far.  Equation is pretty simple; fire will be there until there is fuel.  As long as people are ready to buy stocks, market will keep going up.

Easy money is in buying the big drop, rather than shoring it looking for the top.  How far NIFTY will go? I don’t know.  11,500 or 12,000, who cares.  But there will be sudden drops like we witnessed in the beginning of the year.  That’s your buying opportunity.

NIFTY_Weekly_Chart_May_9_2018

NIFTY_Weekly_Chart_May_9_2018