Thread by @InvesysCapital

#Samvat2076

It Is An Auspicious Time For Investment, But Last Two Diwali's have Not been very Good for Many Portfolio's

How Are We Poised To Fare Between Current & Next Diwali?

A Short Thread On Our Expectations-

#Nifty & #BankNifty in Overbought Zone With Potential Of Price Or Time Correction Till Q1-2020

We Had tweeted Abt How BNF Corrections Run Five Qtr & Expected till Jun20

These Indices Are Not Budging & Sell Signal here Doesn't Mean Price Correction, Can Be time Correction

#CNX500 is in Same Boat As Nifty & BankNifty Mainly Due To Weights of HDBK & RIL

#CNXSMALLCAP & #CNXMIDCAP Are In Oversold Territory And Possibly Bottomed Out or Closed to Bottom Based On Relative Comparision Of Previous Bear Markets & Current technical Structure. However, After Such Beating, they Don't Rise Vertically But rather Go Sideways For 2-3 Qtrs

Given Overall Positioning Of Indices, We Expect that we Are At Tail-End of Bear Market

Given the Fear In Small-Midcap Space, Quality has Been Bid To Exorbitant Prices

As Fear Recede & Earnings Improve In Broader Mkt, We Expect Unwinding In High Valuation Quality Trade

Overall, We Expect Base Building For Next 2-3 Qtr , Particularly in Small & Midcap Space For Next BullRun

Simultaneously Overvalued Stuff In Mkt Can go Sideways For Long Periods of Time

Betn Current & Next Diwali, We Don't Expect Big Gains Neither Big Losses For Broader Mkt

But Hopefully, We Will Turn very Very #Bullish Come Next Diwali .. And Why Only next Diwali, We Expect Big Bull Run Going On Till 2025-26 Based On Benner-Fibonacci time Cycles.. But First, Let us Get Weight of Evidence on Major Index Charts!

Happy Diwali Folks!!

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