Nifty Short, Medium & Long Term : 06-Dec-2025Nifty Short, Medium & Long Term : 06-Dec-2025
Nifty closed at 24004 (2 weeks before 23587), for last 50 days nifty was in rangebound movement from 23200 to 25000.
RSI at 48 ,Macd signal is negative 115 and stochastics levels is 41%, Still RSI should cross its MA, MACD to reach positive and Stochastics should cross its signal decisively.
Buy call on dips was given month before. Market yet to cross crucial 24800-25000resistance decisively. Hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time instead of bulk investment.
Hence, Q3 results, Interest Rate reduction and Feb Budget is the key for the market to sustain above 25000, move above 26000 to next targets of 27000.
I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term.
Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election .
Caution was emphasized on Nifty for last 5 months as nifty PE (Currently in 22.1) is still in high level with high valuation especially in Mid cap & Small Cap index with PE ratio >40 and >35 respectively. Hence more in large cap MF in allocation over Mid & Small Cap.
Invest in MF as the goal is for more than 5-10 years at this critical period, further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time.
Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyze and add to your portfolio based on your risk profile.
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Nifty 24004 short term
Nifty short term resistance at 24800 to 25000 level (0.5 Fib Resistance), once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target.
Support at 24329, and 24199( Last week Low) and 24000
Medium Term next target if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance)
Medium term Support 23265 ( Nov low),23000 and 22800
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21240
