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Sunday, April 26, 2015

Nifty below 8350 What next ?

At this level of nifty there are no big buyer or seller in nifty. At every top level although there are few selling. FII are waiting for this quarter results , as it was expected there not going to be so well.  Results are pretty much expected in line.

Stocks are at right valuation to buy for long term.  Banking shares at their best price. Nifty already corrected more than 10% from their high. Still in Quarter result banks and auto mobile are still showing good sign of recovery . Very good positive result shown by Maruti.

Don't panic , market soon will return back from 8200 around and will start new season of buying.  Nifty will not in hurry to go to 9300 soon but it will make new high before end of this year.