• Phone: +91-98-166-64762
  • info@aceinvestmentadvisory.com
SEBI No. INA100002958     Stay Connected:

Sell -Sell-Sell

This is the right time to sell, rupee’s fall and narrowing the current account deficit, failed to cheer investors to boost up the sentiments. Nifty trading below 50MA (moving average) which depicts bears overpower bulls.We have not seen any support in the market. Look at Nifty Daily and Weekly Charts.

Nifty Daily Chart

Nifty Weekly Chart

On daily chart Nifty is trading below all major moving averages like 20,50,100 MA. On Weekly chart Nifty trading below its 20MA, Bearish engulfing top pattern has been formed on Nifty monthly chart and also other indicators like MACD, Stochastic showing we will see more pain in the market in coming days.

There are 31 stocks of Nifty 50 are trading  below 50 Day Moving Average on daily chart.

We strongly recommend to close all long position and keep away from the market. Do not buy on decline till 2019 general election in India, which will held in April or May,2019.

We are seeing Nifty Index at 10000 levels or may hit 9700 or 9200 levels soon.

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/ trading decision. We hold no financial liability to any user on account of use of information provided on this website. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices. Ace Investment Advisory hold’s no liability for any profit/ loss incurred whatsoever in this case.