Stockology: Avoid contrarian ideas & remain a good trend follower in markets this week
The current phase of the market is like a slow poison, it will keep sucking the earned profits from the investor’s existing portfolio
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The current phase of the market is like a slow poison, it will keep sucking the earned profits from the investor’s existing portfolio
The coming week will be volatile; the efficiency of the TimeMap is above 50 percent, which means the movement would be slightly above 3 percent. The bias is in favour of the sellers
Technically, 20630 is confirmed on the charts. The zone's weekly gap level of 20450 (not specific) will be filled very soon, before March 31, 2024.
Investors uncomfortable with the current level and valuations of the markets can reduce or exit altogether; those who feel optimistic and bullish can remain long and hold 10-20 percent cash to look for switching opportunities
Nifty near 21800 is facing tough resistance, and due to various factors, it was visible that frontline activity has reduced, and side market action has increased