Nifty started its up move from 9951.90, the low made on 23.03.18, travelled almost 107 trading sessions with minor correction here and there and peaked at 11760.20 on 28.08.18. The traders/investors was annoying that why, it is moving like this, that too without any correction, so that can enter and participate in the rally, but most of them were standing out by watching the up move and honestly missed the great opportunity.

Is the ongoing correction will give the chance to enter and participate in the counter move if, any till Dec’18 or till April or May 2019?

Nearly 13% correction happened in just 26 trading sessions dragged the Nifty to 10260 levels from the peak and may expect some more downside in coming days till 10150-9950 levels, to watch out.

Anyone wants to bet for the short term to medium term perspective may invest in lower valuation stocks in Nifty top 100 companies  for 10-20% return before the major event, which comes on or before May 2019, it is non-other than that, is our General Election, there may be a chance for pullback rally at least 10800-11k mark or even more before Dec’18 or by Feb’19.

Also, please note if Nifty closes below 9950 with weakness, further sell off may continue till 9600-9100 level.