#Nifty50 #2013Low #2016Low pic.twitter.com/xoUF6x9MxV
— Onevestor (@Onevestor) March 22, 2016
The market is recovering from its recent bottom like the way it did back in August-September 2013.
— Onevestor (@Onevestor) March 22, 2016
And we compare both charts (https://t.co/ccgTiJFmiY), then it’s moving in a similar fashion.
— Onevestor (@Onevestor) March 22, 2016
If the recent low was indeed the final bottom of this correction then maybe this market is moving to 8,000 before it gives a 5% correction.
— Onevestor (@Onevestor) March 22, 2016
That’s how it did back in 2013.
— Onevestor (@Onevestor) March 22, 2016
It moved rapidly from 5,100 to 6,100 (without any major correction) and then shaved-off 5% before starting a new bull run.
— Onevestor (@Onevestor) March 22, 2016
Another similarity is that, ‘experts’ were (as usual) calling for 4,500 kind of levels on the #Nifty50.
— Onevestor (@Onevestor) March 22, 2016
Like this:
And it was the beginning of a NEW bull market. https://t.co/xjUkAxYUWl #StockAnalystsSuck pic.twitter.com/h1VB3djQMY
— Onevestor (@Onevestor) February 26, 2016
Or this:
We know what happened after that. #StockAnalystsSuck $Nifty #Sensex pic.twitter.com/6G148xaqf8
— Onevestor (@Onevestor) May 19, 2015
And this time ‘experts’ were calling for 6,000-6,300 levels on the #Nifty50.
— Onevestor (@Onevestor) March 22, 2016
Finally, the risk of the current uptrend is that market tried to recover the same way back in July ’15 and then it collapsed the next month.
— Onevestor (@Onevestor) March 22, 2016
But the good thing is.. the recovery at that time was not as powerful as this one. Also, the P/E multiple is lower now.
— Onevestor (@Onevestor) March 22, 2016
So obviously the trigger for a downside could be either global in nature or earnings disappointment.
— Onevestor (@Onevestor) March 22, 2016
