Nifty’s uptrend is ‘Alive & Kicking’

All bullish eyes now turn to next week’s Jackson Hole, as Powell is likely to set the stage set for first rate cut in years!

Bulls also likely to retain control as ‘fear of slowdown & fear of inflation’ in the US is off the front pages.

Nifty’s Friday’s solid rebound is a proof that Dalal Street’s uptrend is ‘Alive & Kicking’ with an inter-month target at its all-time-high at 25078.30.


Nifty’s Weekly Chart

Nifty’s Weekly Chart

DISCLAIMER

SEBI study dated January 25, 2023 on ‘Analysis of Profit & Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment’ wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

*RISK DISCLOSURES ON DERIVATIVES:*

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.

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