Monday, May 1, 2017

Markets to consolidate

The results has mostly ended and the good results are in. A few results surprised on the upside and the results were mostly good.
 1. There are no major triggers for the markets to either sharply go up or down. That is why we are seeing the markets oscillate in a range.
2. The downside risks globally are only a risk of war. US companies reported record earnings.
3. There are several good IPOs lined up and can be considered for investment.  They offer a safe investment.
4. The markets should remain strong for next 18 mobths at least and a range of 10500 to 11500 can be achieved.
5. Every dip is a buying opportunity.
6. The election gap may not be filled and the corre tion can be to maximum 8950 levels.
 7. Part booking of profits and re investing the same is a must to lower cost price of holding, protect profits and safe guard oneself from black swan like events.
8. Elliot suggests up side 9450 9500 and correction limited to 8950 9000. One can book profits at upper end of range and buy back at lower end of range.


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