So looks like the 40D trough as well was formed last week itself. The troughs are coming early, maybe because the longer term cycles are turning down everyday now.
80D should top out in Mid janaury.
18M will top out in February
but these cycles are not always ideal. Considering history, Janaury generally tends to be the most bloodiest street. remember 8th jananury 2008 :) :) :)
So be little careful and if you have a portfolio of large sum, better be protected by buying puts.
For short term trading(2-3)days and stuff you can still go long on Nifty,SBIN,relcap etc etc.
Cheers
80D should top out in Mid janaury.
18M will top out in February
but these cycles are not always ideal. Considering history, Janaury generally tends to be the most bloodiest street. remember 8th jananury 2008 :) :) :)
So be little careful and if you have a portfolio of large sum, better be protected by buying puts.
For short term trading(2-3)days and stuff you can still go long on Nifty,SBIN,relcap etc etc.
Cheers
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