NDPMS Wealth Management

Apparently Nifty is in complex correctional phase with a negative bias. This is certainly not the right time to go shopping with a short term time horizon. However if you are an investor, you should still try to go long at dips more than 5%. However it is certainly not advisable to go all in. Financial discernment is called for !! Nifty Weekly Analysis: Nifty on weekly chart completed its 5th sub wave of 3rd major wave in uptrend in first week of March. Going further it started its correctional wave (assumed to be 4th wave of the uptrend in consideration). It is also expected that it shall form a complex wave pattern. Probability is a 3.3.5 correction. The first A wave (3) ended on 30 April week. Currently the Nifty has closed just above the Bb middle. It shall continue the up move further.  MACD too is open wide to the downside. Today it trades within the 5-10 MA. State:  Correctional Wave  (sub waves e xpected  3.3.5) Important Pivots: 8550 lev...