NIFTY CLOSES IN DOJI – READY TO GO UP? OR DOWN? (1 min read)
With a +279pts (1.63%) run-up, Nifty closed the year around where it started last year.
Here are the highlights:
1. It may be flat overall, but the #PSUSector has given bumper returns.
2. #NiftyMidcap increased by +5.24% but #NiftySmallCap100 closes much lower at -12.37% for the year.
3. Therefore Sector Allocations / Rotation could be key for your Portfolio results.
4. Things can look up going ahead. But we are still on a downtrend and this bounce will be watched closely, as to whether it reverses the trend or just a short retracement.
At Niel & Ray Wealth, there were celebrations as our premier strategy #PANDA2X clocked +9.82% returns for the financial year.
We will soon come back with a sector-wise report card.
For now, celebrations for our Investors as we have beaten the #Nifty50 with a huge #alpha
#nifty50 #sensex #banknifty #investing #trading #derivatives #optionstrading #wealthcreation #wealthplanning #financialliteracy #financialindependence