#NIFTY @ 17400 – IS THE MARKET READY TO GO UP? (2 min read)

Take a min to understand if you #invest ‘Go-All-In’ now.

My Opinion – The market has not seen the bottom yet. Why?

> #market structure is still in its downward channel. The structure has not turned to LH & HH ie the #pivot has not occurred.

> It is OK to lose the first 300-500 points of a #rally. Use a #systematicinvestmentplan for shares too.

> The #crudeoil hike by OPEC+ will make the global #centralbanks nervous. The #dovish comments will wait for another day.

> #technicalanalysis of charts shows #gap-resistance at 17535.

Investor Options

> This is a trader’s market, so the investors need to show #patience.

> Ask your #wealthadvisor to identify the 2023-2024 list of stocks for fresh investments. Use #SIP way to consistently build #positions.

> Not only #equity ask your #financialadvisor for the #mutualfunds portfolio build in 2023-2024.

> The #investment phase will be 8-12months. DO NOT GO ALL-HAND-IN quickly.

#nifty #sensex #banknifty #mutualfund #eft #fixeddeposit #bank #sebi #reliance #adani #rbi #mpc #wealth #financialfreedom #financialliteracy #wealthmanagement #pms #trading #investments #investing #portfoliomanagement #nielnray

Niel & Ray Wealth

(this information is for educational purposes and not investment advice or trading tips. Please consult your #investmentadvisor before investing or trading. If you do not have an #advisor, please watsapp +917777043999 or email #hello@nielnray.com)